Arthur J. Gallagher & Co. has acquired Conshohocken, Penn.-based Preston-Patterson Co. Inc. Terms of the transaction were not disclosed.
Founded in 1947, Preston-Patterson is a retail property and casualty insurance broker offering a range of coverages and services to broadcasters and media clients throughout the U.S. It also serves other commercial clients, as well as personal lines clients with a particular focus on coastal property exposures along the Atlantic Seaboard.
Stephen, John and Stuart Patterson and his partners initially headed Gallagher’s Mid-Atlantic retail property director and head of injury mediation operations, Dan Tropp, Conshohocken and Barnegat Light, N.J.
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consultancy services company, is based in Rolling Meadows, Ill. The company operates in 35 countries and offers customer service in more than 150 countries around the world. reporter broker and consultant network.
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