Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. announced it has acquired retail insurance broker Fuller & O'Brien Inc. in Albany, N.Y. Transaction terms were not released.
The company said its new acquisition provides commercial property-casualty, workers' compensation, surety bonding, and risk management services primarily in the Northeast and specializes in construction and related industries such as architectural, engineering, legal and accounting firms as well as construction equipment dealers and materials suppliers.
Fuller & O'Brien commenced business in 1923. Thomas Tyrrell, the principal of Fuller & O'Brien, and his 24 associates will continue to operate at their current location under the direction of Douglas Brown, Northeastern Regional Manager of Gallagher's retail p-c brokerage operation.
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