Arthur J. Gallagher Acquires New York’s CMS

Arthur J. Gallagher & Co. has acquired Melville, N.Y.-based CMS LLC. Terms of the transaction were not disclosed.

Founded in 1996, CMS LLC is a full-service wholesale insurance broker working with agents across the U.S. The team specializes in placing coverages for construction, importing, wholesaling/distributing, manufacturing and real estate businesses, as well as personal lines.

CMS team members Scott Charney, Rich Verdi, Michael Raab and their associates will continue to operate in their current location under the direction of Steve Levin, Vice President of the Northeast region for Risk Placement Services Inc. (RPS), a subsidiary of Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Ill. The company has operations in 49 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Source: Arthur J. Gallagher & Co.

Topics Mergers & Acquisitions New York A.J. Gallagher