Arthur J. Gallagher has announced the acquisition of Iowa-based River Valley Capital Insurance (RVCI). The terms of the transaction were not disclosed.
Founded in 2007, RVCI is a retail property-casualty brokerage. It specializes in providing insurance for the trucking industry, with a particular focus on long-haul trucking companies in the Midwest.
The RVCI team will remain in its current location and will report to Ryan Isaacs, head of Gallagher’s Midwest region P&C brokerage operations.
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“River Valley Capital Insurance is a highly regarded, growing business with deep expertise in the long-haul trucking market that will expand our Midwest transportation practice,” said J. Patrick Gallagher, chairman, president and CEO of Arthur J. Gallagher. “I am very pleased to welcome the team to Gallagher.”