Arthur J. Gallagher & Co. has acquired Phoenix-based risk program administrator Ashton Tiffany LLC, Gallagher said in a statement Tuesday.
The terms of the transaction were not disclosed.
Founded in 1995 and with more than Ashton Tiffany, 90 employees specialize in developing and managing risk pools for public entities.
Company founders John Ashton and Michael Tiffany Jr. and their staff will continue to operate from Phoenix as part of Gallagherâ & # x20AC; & # x2122 ;s Risk Program Administrators division, led by Cynthia LaMantia, head of Gallagherâ & # x20AC; & # x2122 ;s Great Lakes Region Retail Real Estate / Accident.
The division was formed in 201
with Ashton Tiffany's market recognition and attractive in-house administrative tools, places us strongly for continued growth in this area, "Chairman, CEO and CE O J. Patrick Gallagher Jr. said in the statement.
Headquartered in Rolling Meadows, Illinois, Gallagher is the fourth largest broker ranked by revenue generated by US clients, according to the Business Insurance 2020 ranking. Catalog