Litchfield Special Risks Joins A.J. Gallagher's Expanding Insurance Portfolio
Deal News | Mar 25, 2025 | Re-Insurance News
Risk Placement Services, Inc. (RPS), a division of Arthur J. Gallagher & Co., has acquired Litchfield Special Risks, Inc. (LSR), an El Paso-based wholesale insurance broker and managing general agency. The financial terms of the deal were not disclosed. LSR, known for its expertise in transportation and property/casualty solutions, will enhance RPS's capabilities in Texas and the Southwest US. Under the new arrangement, the LSR team, led by COO Bill Brenton, will remain in El Paso, reporting to Ash Thomas, VP-Western Region for RPS. Arthur J. Gallagher & Co., headquartered in Rolling Meadows, Illinois, operates globally, providing insurance brokerage and risk management services in over 130 countries.
Sectors
- Insurance
Geography
- United States – The transaction and companies involved are based in the U.S., specifically in Illinois and Texas.
- Texas, USA – Litchfield Special Risks is based in Texas and the acquisition enhances RPS's operations in this region.
Industry
- Insurance – The article involves companies engaged in insurance brokerage and risk placement services.
Financials
- Not Disclosed – The terms of the transaction between RPS and LSR were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arthur J. Gallagher & Co. | Bidding Company | Company | A global insurance brokerage, risk management, and consulting services firm. |
| Litchfield Special Risks, Inc. | Target Company | Company | A wholesale insurance broker and MGA based in El Paso, Texas. |
| Risk Placement Services, Inc. | Division of Bidding Company | Company | The wholesale brokerage, binding authority, and programs division of Arthur J. Gallagher & Co. |
| Bill Brenton | COO of Target Company | Person | Chief Operating Officer of Litchfield Special Risks, Inc. |
| J. Patrick Gallagher, Jr. | CEO of Bidding Company | Person | Chairman and CEO of Arthur J. Gallagher & Co. |
| Ash Thomas | VP-Western Region | Person | Vice President for the Western Region of Risk Placement Services, Inc. |