Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Minnesota-based Gallagher & Associates Inc., a $1 million property and casualty insurance agency specializing in public school districts.
Gallagher & Associates, based in Blaine, Minn., will operate within RJF, a Marsh & McLennan Agency LLC company. The transaction is the first complementary acquisition for RJF, which MMA acquired in January 2011 to serve as its upper Midwest hub.
Tom Gallagher, John Siffert, and the rest of the Gallagher & Associates team will join RJF’s Minnesota office and continue in their current roles.
Marsh & McLennan Agency LLC
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