Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it has acquired Powell Insurance Agency Inc. in Metairie, La. Terms of the deal were not released.
Established in 1948, Powell Insurance Agency offers risk management, property-casualty and employee benefit insurance services for their commercial and personal lines clients in the Gulf states. They also specialize in the public entity, restaurant and hospitality industries.
Bennett E. Powell, the owner, and his staff, totaling approximately 35 employees, will continue to operate at their current location under the direction of Mitchel Brashier, mid-South regional vice president of Gallagher's brokerage service retail division, the company said.
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