Arthur J. Gallagher & Co. announced the acquisition of Capital Bauer Insurance Agency, Inc. in Albany, New York. Terms of the transaction were not disclosed.
Founded in 1957, Capital Bauer Insurance Agency, Inc. is a retail insurance broker providing property/casualty, employee benefits and risk management insurance services for their commercial and personal lines clients throughout the United States. They specialize in placing coverage for the real estate, public entity, higher education, recording studio and water well drilling industries. David Bauer and his team will continue to operate in their current Albany location under the direction of Douglas Brown, Northeast Regional Manager of Gallagher's retail property/casualty brokerage operation.
"For over 50 years, Capital Bauer Insurance has built a solid reputation for being dedicated to providing their clients with uncompromising personalized service. Their strong focus on team-based service is an excellent complement to our own sales culture," said J. Patrick Gallagher, Jr., Chairman, President and CEO.
"Their geographic location will also be a significant addition to our current presence in upstate New York, and their specializations will be a terrific fit with our niche expertise in the Eastern Region. We are extremely pleased to welcome David and his associates 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 offers client-service capabilities in more than 110 countries around the world through a network of correspondent brokers and consultants.