Arthur J. Gallagher & Co. Acquires NEK Insurance, Inc.
December 19, 2022
Arthur J. Gallagher & Co. acquired El Cerrito, California-based NEK Insurance, Inc., a retail property/casualty agency specializing in coverage for daycare centers, K-8 schools, residential care facilities and small remodeling contractors. Terms were not disclosed; Kevin Bruns, Jennifer Sylvestri, Kyle Peterson and their associates will join Gallagher's San Francisco branch. Gallagher said the acquisition is complementary to its San Francisco specialist business and provides cross-selling opportunities.
- Buyers
- Arthur J. Gallagher & Co.
- Targets
- NEK Insurance, Inc.
- Industry
- Insurance
- Location
- California, United States
- Transaction Type
- Buyout
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