Announced
Completed
Synopsis
Arthur J. Gallagher, a global insurance brokerage, risk management and consulting services firm, completed the acquisition of NEK Insurance, a retail insurance agency specializing in property/casualty coverages for daycare centers and k-8 schools, residential care facilities and small remodeling contractors, with underwriting authority in these three segments. Financial terms were not disclosed. "NEK is a well-established Bay Area agency with a focus that is highly complementary to our existing San Francisco-based specialist business, offering us terrific cross-selling opportunities. I am delighted to welcome Kevin, Jennifer, Kyle and their associates to Gallagher," J. Patrick Gallagher, Jr., Chairman, President and CEO.
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