Arthur J. Gallagher Acquires Ill. Tropp & Co.

Arthur J. Gallagher & Co. recently announced the acquisition of Tropp & Co., headquartered in Lake Forest, Ill. Terms of the transaction were not disclosed.

Tropp & Co. is a retail insurance broker offering risk management, commercial property, casualty and employee benefits insurance services to an international client base. They specialize in insurance products for venture capital and private equity firms; high net worth individuals; and railroad, manufacturing, aviation and construction industries. With the exception of their Mendota, Ill. operations, which will continue at their present location, all Tropp & Co. employees will relocate to Gallagher’s offices in Itasca, Ill.

Thomas J. Tropp, Daniel M. Tropp and their associates will operate under the direction of Thomas J. Gallagher, Mid-West Regional manager of Gallagher’s Brokerage Services Retail Division.

Arthur J. Gallagher & Co., an international insurance brokerage and
risk management services firm, is headquartered in Itasca, Ill.

Source: Arthur J. Gallagher & Co.