Arthur J. Gallagher & Co. today announced the acquisition of Aequus Trade Credit LLC in Warren, New Jersey. Terms of the transaction were not disclosed.
Established in 1997, Aequus Trade Credit is a specialist insurance broker that offers credit risk mitigation products and services.
Aequus Trade Credit focuses primarily on credit and political risk insurance and accounts receivable puts for middle-market and Fortune 1000 clients throughout the United States. Marc Wagman and his associates will continue to operate under the direction of Douglas Brown, head of Arthur J. Gallagher’s Northeastern region retail property/casualty brokerage operation.
Arthur J. Gallagher said Aequus Trade Credit’s team and its expertise will complement Arthur J. Gallagher’s Trade Credit and Political Risk practice group.
Headquartered in Itasca, Illinois, Arthur J. Gallagher & Co. is an international insurance brokerage and risk management services firm. It has operations in 30 countries and offers client service capabilities in more than 140 countries through a network of correspondent brokers and consultants.
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