Global insurance brokerage firm, Arthur J. Gallagher has acquired Costa Mesa, California-based Wigmore Insurance Agency, Inc.
The terms of the transaction were not disclosed.
Wigmore is retail insurance broker that provides a broad selection of commercial and personal insurance services to clients throughout Southern California.
The company is headed by Tim Wigmore, and according to the announcement, both Wigmore and his team will remain in their current location under the direction of Scott Firestone – Head of Gallagher’s Southwest region retail property & casualty brokerage operations.
Patrick Gallagher, Jr., Chairman, President and CEO, commented on the acquisition: “Wigmore is a culturally aligned business with an excellent local reputation that offers us significant cross-selling opportunities. I am delighted to welcome Tim and his associates to Gallagher.”
Wigmore Insurance Agency adds to a number of recent acquisitions that have been made by Arthur J. Gallagher.
If you recall, last month the company acquired Sioux Falls, South Dakota-based, Hagan Insurance Group.
Then, in that same month, the firm also acquired Carlsbad, California-based Benchmark Commercial Insurance Services, a retail insurance agency that offers commercial and personal risk management and insurance solutions to business owners in San Diego.