Arthur J. Gallagher & Co (AJG) has acquired Bennett & Shade Co in Decatur, Illinois. Terms of the transaction were not disclosed.
Founded in 1906, Bennett & Shade is a retail insurance broker providing commercial property and casualty, employee benefits, risk management consulting and personal lines insurance services to clients in the Midwest.
Jeffrey Shade and his associates will continue to operate in Decatur under the direction of Michael Pesch, head of Gallagher's Midwest region retail property and casualty brokerage operation.
"Bennett & Shade has a great reputation for its level of expertise, outstanding client service, and middle-market client focus," said Patrick Gallagher, chairman, president and CEO of AJG.
"Their Decatur footprint and strong carrier relationships will help expand our central Illinois presence. Bennett & Shade will be a terrific addition to our Midwest region, and we are extremely pleased to welcome [Shade] and his team to our growing Gallagher family of professionals."
