Arthur J. Gallagher & Co. Acquires New York’s Walsdorf Agency

Arthur J. Gallagher & Co. has acquired Huntington, N.Y.-based Walsdorf Agency Inc. Terms of the transaction were not disclosed.

Founded in 1926, Walsdorf Agency is a third generation, family owned commercial and personal lines insurance agency with real estate niche expertise.

David L. Walsdorf, Louis J. Walsdorf and their associates will be relocating to Gallagher’s Jericho, N.Y., office under the direction of Patrick Kennedy, head of Gallagher’s Northeast region retail property and casualty brokerage operations.

Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Ill. The company has operations in 48 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.