Gallagher agrees to buy agency in western New York

Arthur J. Gallagher & Co. has agreed to acquire Williamsville, New York-based The Evans Agency LLC, a wholly owned subsidiary of Evans Bancorp Inc. for $40 million, the two companies said Tuesday.

The Evans Agency is a commercial property/casualty broker with public entity and scholastic expertise that serves clients in western New York, Gallagher said in its statement. The agency also offers personal lines and employee benefits.

Evans Agency President Aaron Whitehouse and his team will operate under the direction of Patrick Kennedy, head of Gallagher’s Northeast region retail property/casualty brokerage operations, Gallagher said.

The transaction is expected to close during the current quarter.