Transwestern General Agency Inc. in Salt Lake City, Utah has been acquired by Arthur J. Gallagher & Co. Terms of the transaction were not disclosed.
Founded in 1945, Transwestern is a managing general agent and wholesale insurance broker providing excess and surplus, property/casualty, professional business liability and other specialty insurance products and services to their independent insurance agent and broker clients primarily in the Intermountain Western United States.
They specialize in insurance coverage for high-net worth individuals and the transportation industry.
Jeffrey Burgener and his associates will continue to operate from their current location under the direction of Joel Cavaness, president of Risk Placement Services Inc., a subsidiary of Arthur J. Gallagher & Co., according to a statement by the companies.
“For over 60 years TGA’s strong sales culture has been focused on a team-based approach to service excellence which makes them an outstanding merger partner,” J. Patrick Gallagher, Jr., chairman, president and CEO said in a statement. “They also have superior carrier relationships that are so important when placing difficult risks for their broker clients.”
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Ill., has operations in 16 countries and offers client-service capabilities in more than 100 countries around the world through a network of correspondent brokers and consultants.