Arthur J. Gallagher & Co. announced the acquisition of PartnerSource Inc. in Dallas, Texas. Terms of the transaction were not disclosed.
PartnerSource Inc. is a retail insurance broker and consultant specializing in the design, implementation and ongoing support for non-subscription programs, an alternative for Texas workers’ compensation, for their clients with operations in Texas, according to Arthur J. Gallagher.
Bill Minick, Russell Huber, Richard Johnson and PartnerSource’s associates will continue as a separate operating unit under the direction of Mike Henthorn, south central regional manager of Gallagher's retail property/casualty brokerage operation.
"PartnerSource is highly regarded for their commitment to continuous quality improvement and client and market relationships," says J. Patrick Gallagher Jr., chairman, president and CEO. "Their professional staff has an outstanding reputation for their non-subscriber expertise, which will be a great addition to our niche practice groups. We are pleased to welcome Bill, Russell, Richard and their team to our growing Gallagher family of professionals."
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