Global insurance broker Arthur J. Gallagher & Co. recently acquired Adco General Corp. of Denver.
Adco executives Richard Thomas, Alex Thomas, and Mark Thomas will continue to operate out of the Denver location under Joel Cavaness, president of Risk Placement Services Inc. (RPS), which is a branch company of Arthur J. Gallagher & Co.
"The experience, products and culture that Dick and his sons have built match up very well with RPS and they further expand the geographical footprint of our growing wholesale business," J. Patrick Gallagher Jr., chairman, president and CEO, said in a news release.
Adco General was created in 1969 and has a range of commercial property, liability, professional and transportation coverages among its retail clientele. Most of Adco's employees will remain on staff.