Arthur J. Gallagher Buys Maryland’s Tri-State General

June 12, 2014

Arthur J. Gallagher & Co. said it has acquired Tri-State General in Salisbury, Maryland. Terms of the transaction were not disclosed.

Established in 1979, Tri-State General is a specialty wholesale and managing general agency (MGA) operation that places transportation, garage, professional liability, special events, and property/casualty insurance for its retail insurance broker clients throughout Maryland, Pennsylvania, Delaware, New Jersey, Virginia, Ohio and Washington, D.C.

Tri-State General’s Edward Dickerson and his team will continue to operate from their Salisbury location under the direction of Joel Cavaness, president of Risk Placement Services Inc., a subsidiary of Arthur J. Gallagher & Co.

Headquartered in Itasca, Ill., Arthur J. Gallagher & Co. is an international insurance brokerage and risk management services firm. It has operations in 27 countries and offers client service capabilities in more than 140 countries through a network of correspondent brokers and consultants.

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