Arthur J. Gallagher & Co. introduced the acquisition of Hinsdale, Illinois-based G.A. Mavon & Co. and its Mavco Insurance coverage Company, Inc. subsidiary. Phrases of the transaction weren’t disclosed.
Based in 1916, G.A. Mavon & Co. is a fourth-generation, family-run, normal and specialty traces wholesale dealer. Mavco Insurance coverage Company, based in 1972, is its retail insurance coverage company subsidiary. Each companies serve the insurance coverage wants of high-net-worth private traces shoppers, in addition to industrial enterprise homeowners, with a give attention to skilled traces.
Phil Mavon and his associates will proceed to function from their present location beneath the path of Matt Lynch, VP-Central Binding Area for Threat Placement Companies, Inc., Gallagher’s US wholesale brokerage, binding authority and packages division, and Jeff Saunders, President of Private Traces for Gallagher’s US retail property/casualty brokerage operations.
Arthur J. Gallagher & Co. is a worldwide insurance coverage brokerage, threat administration and consulting providers agency headquartered in Rolling Meadows, Illinois.
Supply: Arthur J. Gallagher & Co.
Subjects
Mergers & Acquisitions
Illinois
A.J. Gallagher
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