Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it acquired William H. Connolly & Co. of Montclair, N.J. Terms of the deal were not released.
Incorporated in 1950, William H. Connolly & Co. is a retail insurance broker offering commercial and personal insurance products and services, as well as employee benefit packages and individual and group life and health coverage, to its clients located throughout the Northeast. They specialize in programs for healthcare providers, metalworkers, universities, not-for-profit organizations and law firms.
Gallagher said William H. Connolly Jr., chairman and chief executive officer of the firm, and his staff of more than 50 will continue to operate from their Montclair location under the direction of Douglas B. Brown, vice president and northeast regional manager of Gallagher's brokerage services division--retail.
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