Arthur J. Gallagher & Co. of Itasca, Illinois, has acquired The Presidio Group Inc., a commercial insurance firm located in Midvale. Terms of the transaction were not disclosed.
Presidio was founded by John Schlichte in 1993 and offers a combination of risk management, employee benefit consulting, group captives, loss control, safety programs and risk financing services to clients primarily across the Western United States, with a focus on the construction, manufacturing, transportation, service and energy industries.
Schlichte and his associates will continue to operate from their current location under the direction of James G. McFarlane, head of Gallagher’s Western retail property/casualty brokerage operations, and Norbert Chung, head of Gallagher’s Western employee benefits consulting and brokerage operations.
“The Presidio Group is recognized for their consultative approach and strategic focus on reducing their clients’ total cost of risk. This approach aligns closely with Gallagher’s own objectives,” said J. Patrick Gallagher Jr., the company’s chairman, president and CEO.
Arthur J. Gallagher & Co 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.