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Arthur J. Gallagher & Co. has acquired Premier Risk Services Inc. in Itasca, Ill. Terms of the transaction were not disclosed.

Formed in 1986, Premier Risk Services is a retail insurance broker providing commercial property/casualty, employee benefits insurance and consulting services to its clients in the Midwest. It specializes in insurance coverage for the real estate, construction and manufacturing industries. Dino Gavanes and his associates will continue to operate in the Itasca location under the direction of Thomas J. Gallagher, midwest regional manager of Gallagher’s retail property/casualty brokerage operation.

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