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 12 employees will remain in their lives. rent places under the leadership of Scott Firestone, head of Gallagher's Southwest region retail / brokerage business for accidents, Gallagher said.