Arthur J. Gallagher & Co. said Monday it has acquired John Galt Commercial Insurance Agency LLC and John Galt Insurance Agency Inc., collectively known as The John Galt Insurance Agency.
Terms of the transaction were not disclosed.
The Fort Lauderdale, Florida-based broker specializes in commercial and multifamily real estate across the state, a Gallagher statement said.
John Galt has about 25 employees who are expected to transition to Gallagher, according to an email from a Gallagher spokesman. They will work under the direction of Bumpy Triche, head of Gallagher’s Southeast retail property/casualty brokerage operations.
J. Patrick Gallagher Jr., chairman and CEO, said the deal will expand Gallagher’s capabilities in the condominium and association entity real estate niche in Florida.
