Arthur J. Gallagher & Co. Acquires Cornerstone Commercial & Personal Insurance Services, Inc.
July 1, 2024
Arthur J. Gallagher & Co. acquired Rancho Cucamonga, California–based Cornerstone Commercial & Personal Insurance Services, Inc.; terms were not disclosed. Cornerstone’s founders Phil and Allison Hakopian and their team will remain in place, joining Gallagher’s Southwest retail property/casualty brokerage under Scott Firestone to strengthen Gallagher’s homeowners association and regional commercial insurance capabilities.
- Buyers
- Arthur J. Gallagher & Co.
- Targets
- Cornerstone Commercial & Personal Insurance Services, Inc.
- Industry
- Insurance
- Location
- California, United States
- Transaction Type
- Buyout
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