Itasca, Ill.-based Arthur J. Gallagher & Co. said its subsidiary, Risk Placement Services Inc., has acquired Lemac & Associates Inc.
Terms of the deal were not released.
Established in 1984, Lemac & Associates, based in Los Angeles, is a wholesale insurance broker and managing general agent. The firm provides excess and surplus property-casualty coverages including professional and general liability, workers' compensation and other specialty insurance products and services for their agent clients throughout the United States.
William Newton, president of Lemac, and approximately 70 associates will continue to operate out of their current locations in Los Angeles and Orange, Calif., under the direction of Joel Cavaness, president of Risk Placement Services.
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