US-based insurance broker Arthur J. Gallagher acquired independent insurance agency Hruska Insurancenter for an undisclosed sum.
Founded in 1956, the acquired firm is a retail property & casualty insurance intermediary based in Mokena, Illinois.
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It is focused on offering services to commercial real estate clients including condominiums and apartment complexes.
Hruska Insurancenter’s team also caters to several other commercial and personal lines clients throughout Chicagoland and the upper Midwest.
Under the terms of the agreement, Charles J. Hruska, III and his team will continue to operate from Mokena.
The team will operate under Gallagher Midwest region retail property/casualty brokerage operations head Ryan Isaacs.
Arthur J. Gallagher chairman, president and CEO Patrick Gallagher, Jr., said: “Hruska Insurancenter is a specialist broker that will further expand our presence, markets and expertise in the habitational and commercial real estate market. I am very pleased to welcome Chuck and his associates to Gallagher.”
Last month, Gallagher brokered a deal to acquire Colorado-based Ryan Insurance Strategy Consultants.
The firm provides insurance recommendations to financial advisors for their clients, with a focus on life, disability and long-term care insurance planning.
Rolling Meadows, Illinois-headquartered Gallagher provides insurance brokerage, risk management and consulting services.
It has operations in 68 nations across the globe and offers client service capabilities in over 150 nations via a network of brokers and consultants.
