Arthur J. Gallagher & Co. has acquired Durham & Bates Agencies, an Oregon-based insurance broker that provides property and casualty, marine and employee benefits services to clients in the Pacific Northwest.
The financial terms of the deal were not disclosed.
Durham’s Jeremy Andersen, Sean McCarthy, Christen Picot, Stephanie Murphy, David Hearns and their team will remain in their current location under the supervision of Jim Buckley, head of Gallagher’s Northwest region retail property/casualty brokerage operations, and Charlie Isaacs, head of its West region employee benefits consulting operations, the company said.
“Durham & Bates expands our capabilities in the Pacific Northwest, and their marine expertise provides us with significant opportunities for growth,” said Gallagher chairman and chief executive J. Patrick Gallagher.
Arthur J. Gallagher is an Illinois-based global insurance brokerage, risk management and consulting services company.
The highly acquisitive company provides services in about 130 countries through its owned operations and a network of correspondent brokers and consultants.
The company made several acquisitions this month prior to the Durham deal. On Dec. 18, the company said it bought Texas-based Howe Insurance Group, doing business as DMc Insurance Partners, a personal lines-focused insurance agency. It also acquired Indiana-based M.J. Schuetz Insurance Services, which provides property/casualty, surety and bonding services.
Last year, the company bought LISLA, the Los Angeles-based agency offices of Leavitt Group for an undisclosed sum. Leavitt offers commercial property and casualty insurance.
