Arthur J. Gallagher & Co. today announced the acquisition of the insurance brokerage operations of Robinson-Adams Insurance, Inc. in Birmingham, Alabama. Terms of the transaction were not disclosed. This acquisition does not involve the affiliated companies, including automotive-related businesses, AutoTec, LLC, Red Mountain Technologies, LLC and Centennial Casualty Company, which will continue to run independently.
Founded in the 1880s, Robinson-Adams Insurance, Inc. (RAI) is a retail insurance broker providing commercial property/casualty and risk management insurance services to their clients throughout the United States. It specializes in insurance coverage for long-term health care facilities and the wholesale automobile auction industry. Martha Acker, William Dodson, Jr. and their associates will continue to operate from their Birmingham location (as Robinson-Adams Insurance) under the direction of Mitchel Brashier, Southeastern Regional Manager of Gallagher's retail property/casualty brokerage operation.
"For over a century, RAI has built a solid reputation for its depth of insurance expertise and focus on providing the highest quality client service," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their solid Alabama presence, similar culture and strong specializations will be a wonderful complement to our retail property/casualty brokerage operations. We are extremely pleased to welcome Martha, Billy and their 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 16 countries and does business in more than 110 countries around the world through a network of correspondent brokers and consultants.