International broker Arthur J Gallagher & Co (AJG) has acquired retail insurance broker Insurance Plans Agency (IPA)
Terms of the transaction have not been disclosed.
Established in 1983, IPA provides group employee benefits products and consulting services, and commercial property/casualty insurance services, to business and individual clients throughout the US.
Mark Andrew Varland and his team will continue to operate from their current location under the direction of William Ziebell, head of Gallagher's North Central employee benefit consulting and brokerage operations.
J Patrick Gallagher, Jr, chairman, president and chief executive officer, AJG, said: "The IPA team is well known for their benefits expertise and their ability to evaluate and provide alternative benefit solutions for their clients/ In addition, their similar sales culture and strong client relationships will be a terrific complement to our growing employee benefits brokerage and consulting operation.
“We are pleased to welcome Andy and his associates to our growing Gallagher family of professionals."