Arthur J. Gallagher & Co. said Monday that it has acquired El Cerrito, Calif.-based agency NEK Insurance Inc.
Terms of the transaction were not disclosed.
Founded in 1954, NEK specializes in property/casualty coverage for daycare and k-8 schools, residential and smaller remodeling contractors with underwriting authority in these three segments.
Executive Vice Presidents Kevin Bruns, Jennifer Sylvestri and Kyle Peterson and approximately 15 employees will join Gallagher’s San Francisco office under the leadership of Jim Buckley, head of Gallagher’s Northwest Region retail/claims operations.
J. Patrick Gallagher Jr., chairman, president and CEO, said in a statement that the acquisition offers cross-selling opportunities.
Arthur J. Gallagher & Co. is the fourth largest broker of US companies, according to the latest Business insurance ranking.