Global brokerage Arthur J. Gallagher & Co. is maintaining its M&A momentum with the addition of Kentucky-based Altman Insurance Services.
The newly acquired firm offers employee benefits brokerage and consulting services to large and small group businesses across Kentucky, Indiana, Ohio, and Tennessee. It was founded in 1988 by William “Billy” Altman, who tapped Mike Summerfield to be a partner in 2004.
As part of Gallagher, Altman Insurance Services will operate under the guidance of Robby White, head of South Central region employee benefits consulting and brokerage operations. Altman, Summerfield, and their 10-employee team will remain in the firm’s Louisville location.
Chairman, president and CEO J. Patrick Gallagher, Jr. commented on the acquisition and said the addition of Altman Insurance Services would help expand Gallagher’s employee benefits capabilities in the South Central region.
“I am delighted to welcome Billy, Mike and their associates to Gallagher,” he added.
Gallagher is headquartered in Rolling Meadows, Illinois. Its presence extends across 130 countries worldwide.
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