Arthur J. Gallagher & Co. announced on Thursday the acquisition of Behnke & Co., Inc., headquartered in Decatur, Illinois. Terms of the transaction were not disclosed.
Established in 1983, Behnke & Co. is a retail insurance broker providing commercial property/casualty, employee benefits and risk management consulting services to their clients throughout the United States. They specialize in insurance coverage for the agricultural processing, medical malpractice, construction, entertainment, hospitality, public entity, transportation and manufacturing industries. Christopher Behnke and his associates will continue to operate from their current locations under the direction of Thomas J. Gallagher, Midwest Regional Manager of Gallagher's retail property/casualty brokerage operation.
"Behnke & Co. has a great reputation for its depth of experience, level of expertise and outstanding client service," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "It's this focus on quality service combined with a commitment to solid growth that makes them a perfect fit with our culture. Behnke & Co. will be a terrific addition to our Midwest Region, and we are extremely pleased to welcome Chris and his team 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 15 countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants.