Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it has acquired Woods & Grooms, Inc. of Columbus, Ind. Terms of the deal were not released.
Founded in 1969, Woods & Grooms is a retail insurance broker and group captive administrator offering risk management, commercial property-casualty insurance services and captive management services to the diesel engine distribution industry.
Phillip L. Woods, the founder, Michael W. Willett and their associates, a total of five associates, will continue in their present roles from their current location under the direction of David J. McManus, president of Artex Risk Solutions, Inc., Arthur J. Gallagher & Co.'s international captive subsidiary.
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