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Arthur J. Gallagher & Co. has acquired Allied Insurance Brokers, a Pittsburgh, PA-based brokerage that specializes in offering insurance and risk management services to crane, scaffold and equipment dealers throughout the US, as well as nonprofit social services organizations in Western Pennsylvania.
The deal, announced on Monday (September 23), also includes Allied Insurance Brokers subsidiary, Ascinsure Specialty Risk – a program underwriting manager for the crane and scaffold industries. Terms of the transaction were not disclosed.
“Allied Insurance Brokers and Ascinsure Specialty Risk bring us outstanding niche expertise, a strong new business focus, innovative loss control services and a commitment to client advocacy,” said J. Patrick Gallagher, Jr., chairman, president and CEO.
Following the deal, Marty O'Brien, Richard (Tres) Whitlock, Jared Clough and their associates will continue operating from their current location under the direction of Dan Tropp, head of Gallagher's Mid-Atlantic retail property/casualty brokerage operations, and Chris Leisz, head of programs for Gallagher's U.S. wholesale operation, Risk Placement Services, Inc.
“As recognized leaders in the crane and scaffold space, Allied is a natural addition to our construction practice capabilities,” Tropp commented. “Their sales culture and consultative approach fit perfectly with our Core360 approach to evaluating and minimizing our clients' total cost of risk.”
Leisz added: “Ascinsure is a proven leader in the crane, scaffolding, rental equipment and party goods dealers' insurance markets, helping its agents and their clients understand their exposures in this difficult segment. I am excited to partner with Marty and the Ascinsure team.”
