Weekly Real Estate News
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage and risk management services firm, has acquired Metairie, Louisiana-based Fontenelle & Goodreau Insurance LLC, a provider of commercial property/casualty coverages specializing in large apartment accounts in the Louisiana market with capabilities nationwide.
The financial terms of the transaction were not disclosed. Charlie Fontenelle and his team will remain in their current location under the direction of Bumpy Triche, head of Gallagher’s Southeast retail property/casualty brokerage operations.
“Fontenelle & Goodreau Insurance is a highly regarded agency whose products will enhance our capabilities, particularly within commercial real estate,” said J. Patrick Gallagher, Jr., chairman and CEO of Rolling Meadow, Illinois-based Arthur J. Gallagher & Co. “I am delighted to welcome Charlie and his associates to Gallagher.”
