ROLLING MEADOWS, Ill. — Arthur J. Gallagher & Co. today announced the acquisition of Rancho Cucamonga, California-based Cornerstone Commercial & Personal Insurance Services, Inc. (Cornerstone). Terms of the transaction were not disclosed.
Cornerstone is a retail insurance agency serving commercial and personal clients primarily in San Bernardino and Riverside counties, with a focus on commercial real estate, construction and homeowners associations. Phil Hakopian, Allison Hakopian and their team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations.
“Cornerstone is a highly regarded agency whose expertise in the homeowners association niche will enhance our capabilities in the region,” said J. Patrick Gallagher, Jr., Chairman and CEO. “I am delighted to welcome Phil, Allison and their associates to Gallagher.”
SOURCE Arthur J. Gallagher & Co.
AgencyEquity statement on this article:
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.
