Gallagher Bassett Services Acquires New Jersey’s WCD Group

Arthur J. Gallagher & Co.’s subsidiary, Gallagher Bassett Services Inc., has acquired Pennington, N.J.-based WCD Group LLC. Terms of the transaction were not disclosed.

Founded in 2002, WCD manages and mitigates risk in the environmental, construction and real estate marketplace. Its customers are owners, lenders, developers, contractors and insurance carriers.

William “Chip” D’Angelo and his associates will continue to operate from their Pennington, N.J., New York City, Poughkeepsie, N.Y., and High Point, N.C., offices under the direction of Scott R. Hudson, president and CEO of Gallagher Bassett Services Inc.

Arthur J. Gallagher & Co. is a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Ill. The company has operations in 34 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Source: Arthur J. Gallagher & Co.