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Arthur J. Gallagher acquires Connecticut-based P&C broker

Arthur J. Gallagher & Co. acquired Merit Insurance Inc., a Shelton Conn.-based retail property and casualty broker and employee benefits consultant.

The terms of the deal were not announced.

Sean Carroll, president of Merit Insurance, Executive Vice President James Benson, and their associates will operate from their current locations. They will work under Patrick Kennedy, head of Arthur J. Gallagher's northeast region retail property and casualty brokerage operations, and Tom Belmont, head of Arthur J. Gallagher's northeast Atlantic employee benefits consulting and brokerage operations.