Itasca, Ill.-based insurance broker, Arthur J. Gallagher & Co., has acquired Vincent L. Braband Insurance Inc. in Arlington Heights, Ill. Terms of the transaction were not disclosed.
Established in 1930, Vincent L. Braband Insurance Inc. (Braband) is a retail insurance broker providing commercial property/casualty, risk management consulting, employee benefits and personal lines insurance services to middle-market clients throughout the Midwest. They specialize in providing insurance coverage for law firms and the transportation industry.
Vincent “Skip” Braband and his associates will continue to operate under the direction of Michael Pesch, head of Gallagher’s Midwest region retail property/casualty brokerage operation.
Source: Arthur J. Gallagher & Co.
Topics Mergers & Acquisitions Illinois
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Insurance Broker Valuations – The Elephant in the Room 
Farmers Insurance Plans Historic, Rapid Expansion of Agency Force 
More Insurance M&A Deals on the Horizon? 
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments 
