ROLLING MEADOWS, Ill. — Arthur J. Gallagher & Co. today announced the acquisition of Ormond Beach, Fla.-based Air-Sur, Inc. Terms of the transaction were not disclosed.
Founded in 1976, Air-Sur is a retail insurance broker serving clients in the aviation and aerospace industry. Its clients include air transport operators, service companies, component manufacturers, engine/airframe overhaul and modification centers, as well as general aviation operators. Thomas K. Coughlin and his associates will continue to operate from their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations.
“The Air-Sur team has an outstanding market reputation, and deepens and expands our aerospace capabilities across Florida and the Southeast,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “We are delighted to welcome Tom and his associates to our growing, global team.”
Source: Arthur J. Gallagher & Co.
“Some of the statements in this third party article may be forward-looking statements and perhaps even inaccurate statements. AgencyEquity or Strategic Agencies LLC does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements. Therefore, in no case whatsoever will AgencyEquity or Strategic Agencies LLC be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.”
