Arthur J. Gallagher & Co. Buys Texas’ Melton Insurance Associates

Ill.-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co. announced it has aqcuired Melton Insurance Associates Inc. of Odessa, Texas. Terms of the transaction were not disclosed.

Melton Insurance Associates, founded in 1954, is a retail insurance broker offering risk management, commercial property, casualty and employee benefits insurance services to their Texas client base. They specialize in insurance products for the energy industries.

J. Tommy Melton and his associates will continue to operate out of their current location under the direction of Michael Henthorn, South Central Regional Manager of Gallagher’s Brokerage Services Retail Division.

Source: Arthur J. Gallagher & Co., http://www.ajg.com/