Illinois-based global insurance broker Arthur J. Gallagher & Co. reports it has acquired Herbruck, Alder & Co., an employee benefit brokerage located in Cleveland, Ohio.
Terms of the transaction were not disclosed.
Founded in 1962, Herbruck, Alder & Co. specializes in group benefits, retirement planning, HR consulting and executive benefits for Midwest clients.
Mark Alder and his associates will continue to operate at their current location under the direction of William Ziebell, who is North Central executive vice president of Gallagher’s employee benefit consulting and brokerage operations.
Was this article valuable?
Here are more articles you may enjoy.
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
