Arthur J. Gallagher Acquires Illinois’ G.A. Mavon & Mavco

Arthur J. Gallagher & Co. announced the acquisition of Hinsdale, Illinois-based G.A. Mavon & Co. and its Mavco Insurance Agency, Inc. subsidiary. Terms of the transaction were not disclosed.

Founded in 1916, G.A. Mavon & Co. is a fourth-generation, family-run, standard and specialty lines wholesale broker. Mavco Insurance Agency, founded in 1972, is its retail insurance agency subsidiary. Both firms serve the insurance needs of high-net-worth personal lines clients, as well as commercial business owners, with a focus on professional lines.

Phil Mavon and his associates will continue to operate from their current location under the direction of Matt Lynch, VP-Central Binding Region for Risk Placement Services, Inc., Gallagher’s US wholesale brokerage, binding authority and programs division, and Jeff Saunders, President of Personal Lines for Gallagher’s US retail property/casualty brokerage operations.

Arthur J. Gallagher & Co. is a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois.

Source: Arthur J. Gallagher & Co.