Arthur J. Gallagher & Co. has acquired Charles Allen Agency Inc. in Waite Park, Minnesota.
The Charles Allen Agency (CAA), founded in 2010, is a retail insurance broker providing commercial surety bonding and insurance services to midwestern clients. The firm specializes in coverage for the construction industry. Mark Gresser and his associates will continue working from CAA's Waite Park location under the leadership of Michael Pesch, head of Gallagher's regional retail property and casualty brokerage operations.
"The CAA team is well known for their industry experience, strong market relationships and quality client service," J. Patrick Gallagher Jr., chairman, president and CEO, said. "Their construction expertise and Minnesota presence will be a wonderful complement to our midwest region. We look forward to working with Mark and his colleagues, and we welcome them to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is based in Itasca. The firm operates in 31 countries around the globe.