Gallagher snaps up Illinois broker and subsidiary

Gallagher's newest acquisitions include a risk-management and human resources broker and an insurance consultant for auto dealerships

Gallagher snaps up Illinois broker and subsidiary

Risk Management News


Arthur J. Gallagher & Co. has announced the acquisition of Illinois-based Markey Financial Group and its affiliate, Austin Consulting Group. Terms of the transaction were not disclosed.

Market Financial Group is a risk-management and human resources consultant and broker that provides property/casualty and human resources products to individuals, businesses and public entities, primarily in Illinois. Its subsidiary, Austin Consulting Group, is an insurance consultant, finance and insurance advocate and claims advocate that serves auto dealerships throughout the country. Richard J. Waters Jr., W. Robert Messer and Kenneth Riemen will continue to operate from their Illinois location, under the direction of John Neumaier, head of Gallagher’s Great Lakes employee-benefits consulting and brokerage operations.

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“Market Financial Group and Austin Consulting Group are complementary, well-run businesses with a marketing approach that is closely aligned with Gallagher’s,” said J. Patrick Gallagher, president, chairman and CEO of Gallagher. “I am excited to welcome Rob, Rich, Ken and their associates to our growing Gallagher family of professionals.”

Related stories:
Gallagher acquires New Jersey-based broker
Gallagher snaps up Illinois agency

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