Arthur J. Gallagher & Co. acquires Arkansas insurance agency for undisclosed amount

Arthur J. Gallagher acquires insurance agency

ITASCA, Ill. — Arthur J. Gallagher Co., an international insurance brokerage and risk management services firm, said Thursday it has acquired the operations of Bowen, Miclette, Britt & Merry of Arkansas Inc.

The company did not disclose the terms of the deal.

Gallagher bought the Fort Smith, Ark.-based retail insurance broker from Bowen, Miclette & Britt Insurance Agency LLC in Houston and Philip H. Merry Jr.

The acquired group specializes in the health care, manufacturing, retail and poultry processing industries in Arkansas and Oklahoma.

Gallagher said the staff of the Arkansas company will stay on and operate as part of Gallagher’s Southeastern division.

Shares of the Gallagher fell 5 cents to close at $25.67.