Arthur J. Gallagher & Co. Acquires Mahowald Insurance, LLC

PR Newswire

ROLLING MEADOWS, Ill. , Dec. 12, 2022 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of St. Cloud, Minnesota -based Mahowald Insurance, LLC. Terms of the transaction were not disclosed.

Founded in 1930, Mahowald is a retail insurance agency offering commercial and personal products, employee benefit packages and risk management services for clients across the Midwest. Bob Mahowald, Jr. , and his team will remain in their current location under the direction of Sean Gallagher , head of Gallagher's Great Lakes region retail property/casualty brokerage operations, and Tom Lannen , head of Gallagher's Midwest region employee benefits consulting operations.

"Mahowald has an outstanding reputation as a fourth-generation broker whose health care market expertise will enhance our capabilities in the region," said J. Patrick Gallagher, Jr. , Chairman, President and CEO. "I am very pleased to welcome Mahowald 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.