Arthur J. Gallagher Acquires MDV Wealth Planning in Illinois

Global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has acquired Fox River Grove, Ill.-based MDV Wealth Planning Inc.

Terms of the transaction were not disclosed.

Founded in 2014, MDV Wealth Planning sells and places life insurance products for clients of registered investment advisors (RIAs), independent financial advisors, institutional brokers, life insurance professionals, and property/casualty agents and brokers. The firm focuses on C-suite executives and high-net-worth individuals.

Thomas Vilardo and his associates will continue to operate from their current location under the direction of Jeff Leonard, National Financial and Retirement Services practice leader.

Arthur J. Gallagher & Co. is headquartered in Rolling Meadows, Illinois.

Source: Arthur J. Gallagher & Co.