Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, has acquired Bushong Insurance Associates Inc., a retail insurance broker providing commercial P&C and risk management insurance services to their clients primarily in Northeastern Florida. Terms of the transaction were not disclosed. Bushong Insurance specializes in insurance coverage for residential condominium and homeowner associations as well as apartment communities, rental pools, resorts and management companies. Their associates will continue to operate in Ponte Vedra Beach, Fla., under the direction of Mitchel Brashier, southeastern regional manager of Gallagher's retail P&C brokerage operation.

"Bushong’s specialization in community associations will be an excellent complement to our Southeastern region's retail brokerage operation, and we are extremely pleased to welcome the Bushong team to our growing Gallagher family of professionals,” says J. Patrick Gallagher Jr., chairman, president and CEO.

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