ITASCA, Ill., Jan. 9, 2017 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Construction Risk Solutions, LLC in Hunt Valley, Maryland. Terms of the transaction were not disclosed.

Established in 2006, Construction Risk Solutions, LLC (CRS) is a retail insurance broker providing property/casualty and risk management insurance and surety services exclusively for the construction industry. It specializes in coverages for trade, general and civil contractors; home builders and developers; construction suppliers; and real estate firms throughout the United States. John Wagner and his associates will continue to operate from their current location under the direction of Douglas Brown, head of Gallagher's northeast retail property/casualty brokerage operations.

"CRS has developed an outstanding reputation for its depth of industry expertise, strong market relationships and dedicated team approach to quality client service," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their team-based culture and construction industry specialization will be a terrific complement to our Northeast Region, and we are very pleased to welcome John and his colleagues to our growing Gallagher family of professionals."

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 33 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

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SOURCE Arthur J. Gallagher & Co.