Arthur J. Gallagher & Co., an insurance brokerage and risk management services firm, has acquired Cleaveland Insurance Group. Terms of the transaction were not disclosed.

Arthur J. Gallagher & Co. (AJG) said Cleaveland Insurance Group (CIG) is a retail insurance broker offering P&C, employee benefits and risk management insurance services for middle-market clients throughout the central United States. AJG added that CIG’s depth of experience, location and focus on team-based culture will complement its P&C and benefits brokerage operations.

Phyllis Schwindt, Tom McGovern, Kevin O'Hara and their associates will continue to operate in their current location under the direction of Thomas J. Gallagher, head of Gallagher's Midwest P&C brokerage operations, and William Ziebell, head of Gallagher's North Central employee benefit brokerage and compensation consulting operations, AJG said.

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