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McGowan buys a professional risk division

The McGowan Cos. announced Wednesday it has acquired Aegis General Insurance Agency’s professional risk division from K2 Insurance Services.

Terms of the transaction were not disclosed.

Gene Mason, president of Aegis Pro Risk, will continue to lead the business.

The acquisition fits with McGowan’s national growth strategy, Thomas B. McGowan, president and CEO of the Cleveland-based brokerage, said in a statement.