Arthur J. Gallagher & Co. said on Wednesday that it has acquired Chicago-based Tave Risk Management LLC, a retail real estate / accident brokerage and risk consulting firm.
Terms of the transaction were not disclosed.
Founded in 2000, Tave Risk Management serves large and medium-sized companies in manufacturing, construction and financial services, as well as non-profit organizations, museums, universities and wealthy private clients.
Founder Ruth Tave, and some 20 employees will remain.
On Tuesday, Gallagher announced that it had acquired Reno, Nevada-based Richied & Associates Inc.
Founded. in 1999, Richied & Associates is a retail real estate / accident insurance agency serving small and medium sized commercial clients from offices in Reno and Carson City.
Cindy Fleischer, principal, and 1