ROLLING MEADOWS, Ill., Sept. 27, 2019 /PRNewswire/ — Arthur J. Gallagher & Co. today announced that it has signed a definitive agreement to acquire Bloomfield Hills, Michigan-based LSG Insurance Partners. The acquisition is subject to customary closing conditions and is expected to close in the fourth quarter of 2019.
Founded in 1968, LSG Insurance Partners has grown to become a leading independent insurance, risk management and consulting services agency in Michigan. LSG offers a broad range of employee benefits, commercial property/casualty, private client, and merger and acquisition services and coverages to clients throughout the Midwest and across the United States. Jay Schreibman, Todd Preston and their associates will continue to operate from their Bloomfield Hillsand Milwaukee branch locations under the direction of Tom Lannen, head of Gallagher’s Great Lakes region employee benefits consulting and brokerage operations, and Cindy LaMantia, head of Gallagher’s Great Lakes region retail property/casualty brokerage operations.
“With their deep capabilities, focused consultative approach and strong emphasis on cross-selling, the LSG team will be a terrific strategic complement to our U.S. brokerage and consulting operations,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “We are eager to welcome Jay, Todd and their associates to our growing team.”