Arthur J. Gallagher & Co. has acquired Joseph Distel & Co. Inc., a general agent and wholesale insurance broker.
Joseph Distel & Co. specializes in specialty insurance products for the transportation industry, such as professional business liability and property-casualty insurance. Ken Distel and associated will continue operating from their Farmington location, under the leadership of Joel Cavaness, president of Risk Placement Services Inc., a subsidiary of Arthur J. Gallagher & Co.
"The Distel team is well known for their depth of experience and dedication to client service," J. Patrick Gallagher Jr., president and CEO of Arthur J. Gallagher & Co., said. "Not only do they add to our wholesale geographic footprint, but their talented sales culture brings over 60 years of specialty product knowledge, which enables them to handle and match hard to place risks with the appropriate market. Their expertise will be a wonderful complement to our expanding wholesale network, and we are extremely pleased to welcome Ken and his colleagues to our growing risk placement services family of professionals."
Arthur J. Gallagher & Co. is based in Itasca, Illinois, and operates in 31 countries globally.