Arthur J. Gallagher & Co. (AJG) has completed acquisition of California-based G. S. Chapman & Associates Insurance Brokers for an undisclosed amount.
As part of transaction, Gregory Chapman and team will continue operations from existing Pasadena and Lafayette, California locations under the supervision of Gallagher's retail property/casualty brokerage operation western regional manager James McFarlane.
AJG chairman, president and CEO Patrick Gallagher said Chapman's strong California presence, depth of expertise and almost 40-year history will be an excellent addition to the company's Western Region brokerage operations.
"Chapman Insurance is built on a culture that focuses on outstanding client partnerships, strong carrier relationships and team-based sales and service capabilities," Gallagher added.
Arthur J. Gallagher & Co. is a US-based insurance brokerage and risk management services firm, trading in 17 countries worldwide and offers client service capabilities in over 110 nations through a network of correspondent brokers and consultants.
Chapman Insurance is a retail insurance broker offering property/casualty, employee benefits and risk management insurance services for its customers throughout the Western US.
Established in 1973, the company specialize in providing coverage for the non-profit, healthcare, education, and real estate and transportation industries.