Arthur J. Gallagher buys Bowen, Miclette, Britt & Merry of Arkansas

US insurance broker Arthur J. Gallagher & Co (NYSE:AJG) said yesterday it has bought retail insurance broker Bowen, Miclette, Britt & Merry of Arkansas Inc for an undisclosed sum.

The business was sold by Houston-based Bowen, Miclette & Britt Insurance Agency LLC and manager Philip H. Merry, Jr.

The takeover will expand Arthur J. Gallagher's positions in the southeastern parts of USA, the company said.

Bowen, Miclette, Britt & Merry of Arkansas has operations in Arkansas and Oklahoma. It offers risk management and insurance products in the healthcare, manufacturing, retail and poultry processing industries.

Country: ; USA

Sector: Insurance

Target: Bowen, Miclette, Britt & Merry of Arkansas Inc

Buyer: Arthur J. Gallagher & Co

Vendor: Philip H. Merry, Jr; Bowen, Miclette & Britt Insurance Agency LLC

Type: Corporate acquisition

Status: Closed

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