Arthur J. Gallagher & Co. Acquires CBS Insurance, LLP

PR Newswire

ROLLING MEADOWS, Ill. , Jan. 3, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Abilene, Texas -based CBS Insurance, LLP. Terms of the transaction were not disclosed.

Founded in 1992, CBS Insurance is a retail insurance agency providing property/casualty and health/benefits coverages to clients throughout Texas and the surrounding region. Peter Lauve , Steve Senter and their partners and associates will remain in their current location under the direction of Bret VanderVoort , head of Gallagher's South Central retail property/casualty brokerage operations.

"CBS Insurance is a well-regarded insurance agency with a strong growth record that expands our retail insurance and consulting capabilities in Texas ," said J. Patrick Gallagher, Jr. , Chairman, President and CEO. "I am very pleased to welcome Peter, Steve and their team to Gallagher."

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois . Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

SOURCE Arthur J. Gallagher & Co.