Insurance brokerage Arthur J. Gallagher has acquired The Andersen Group, a retail insurance agency based in Chantilly, Virginia. The terms of the deal were not disclosed. The acquisition will enhance Arthur J. Gallagher’s capabilities in the Washington, D.C. area, particularly in serving non-profit trade associations, government contractors, and engineering services companies.
- Arthur J. Gallagher (NYSE:AJG) has announced the acquisition of Chantilly, Virginia-based The Andersen Group, the terms of the transaction were not disclosed.
- The Andersen Group is a retail insurance agency serving non-profit trade associations, government contractors and engineering services companies in the greater Washington, D.C.
- “Frank and his team are highly respected, and their market expertise will enhance our capabilities in the region,” said J. Patrick Gallagher, Jr., Chairman, President and CEO.
Source: SeekingAlpha