Arthur J. Gallagher & Co. Acquires Aequus Trade Credit LLC
ITASCA, Ill., Feb. 2, 2015 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Aequus Trade Credit LLC in Warren, New Jersey. Terms of the transaction were not disclosed.
Established in 1997, Aequus Trade Credit (Aequus) is a specialist insurance broker that offers credit risk mitigation products and services. They focus primarily on credit and political risk insurance and accounts receivable puts for middle-market and Fortune 1000 clients throughout the United States. Marc Wagman and his associates will continue to operate under the direction of Douglas Brown, head of Gallagher's Northeastern region retail property/casualty brokerage operation.
"The Aequus team is well known for their industry experience and solid market relationships," said J. Patrick Gallagher, Jr. Chairman, President and CEO. "Their expertise will be a wonderful complement to our Trade Credit and Political Risk practice group. We look forward to working with Marc and his colleagues, and we welcome them to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 30 countries and offers client service capabilities in approximately 140 countries around the world through a network of correspondent brokers and consultants.
Investors: Marsha J. Akin |
Media: Linda J. Collins |
Director-Investor Relations |
VP – Corporate Communications |
630-28-3501/ [email protected] |
630-285-4009/ [email protected] |
SOURCE Arthur J. Gallagher & Co.
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