NU Online News Service, Dec. 1, 3:49 p.m. EST

Itasca, Ill.--based insurance broker Arthur J. Gallagher & Co. said it has acquired Premier Risk Services, headquartered in Itasca. Financial terms of the transaction were not disclosed.

Formed in 1986, Premier Risk Services is a retail insurance broker providing commercial property and casualty and employee benefits insurance and consulting services to their clients in the Midwest. The firm specializes in insurance coverage for the real estate, construction and manufacturing industries.

Dino Gavanes, the principal, and his associates will continue to operate in their Itasca location under the direction of Thomas J. Gallagher, Midwest regional manager of Gallagher's retail p&c brokerage operation.

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