Gallagher acquires Oregon agency

Arthur J. Gallagher & Co. Thursday said it has acquired Portland, Oregon-based Durham & Bates Agencies Inc.

Terms of the transaction were not disclosed.

Durham & Bates provides property/casualty, marine and employee benefits services to clients in the Pacific Northwest, Gallagher said in a statement.

The brokerage has approximately 30 employees, according to an email from a spokesman.

Jeremy Andersen, Sean McCarthy, Christen Picot, Stephanie Murphy and David Hearns will remain in their current location under the direction of Jim Buckley, head of Gallagher’s Northwest region retail property/casualty brokerage operations, and Charlie Isaacs, head of Gallagher’s West region employee benefits consulting operations, the statement said.

J. Patrick Gallagher Jr., chairman and CEO, said in the statement Durham & Bates’ marine expertise provides opportunities for growth.

Rolling Meadows, Illinois-based Gallagher is the third-largest broker of U.S. business, according to the most recent Business Insurance rankings.