Arthur J. Gallagher & Co. announced the acquisition of Dominick Falcone Agency and Falcone Associates Inc.
The financial terms of the transaction were not disclosed.
Based in Syracuse, New York, Dominick Falcone Agency provides property and casualty insurance products to commercial and personal lines clients, primarily in central New York. Its affiliate, Falcone Associates, offers employee benefits services.
Following the acquisition, Michael Lavalle, David MacLachlan, Renee Guariglia, Chris Marshall and their team will continue operating from their current location. They will report to Brendan Gallagher, who oversees Gallagher’s Northeast region retail property and casualty brokerage operations, and Scott Sherman, who leads the company’s Northeast region employee benefits consulting and brokerage operations.
J. Patrick Gallagher Jr., chairman and chief executive officer, said the acquisition will strengthen the company’s presence in the region.
“Dominick Falcone Agency and Falcone Associates have a strong market reputation and will further enhance our retail brokerage capabilities in central New York,” Gallagher said. “I am delighted to welcome Michael, David, Renee, Chris and their associates to Gallagher.”
Arthur J. Gallagher & Co. is a global insurance brokerage, risk management and consulting services firm. Based in Illinois, the company provides services in about 130 countries through its owned operations and a network of correspondent brokers and consultants.
