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Arthur J. Gallagher acquires Utah-based retail insurance broker

Arthur J. Gallagher & Co. has acquired The Presidio Group Inc., a retail insurance broker based in Salt Lake City.

Presidio offers risk management, employee benefit consulting, group captives, loss control, safety programs and risk financing to clients mainly across the western U.S., focusing on the construction, manufacturing, transportation, service and energy industries. Presidio President John Schlichte and his associates will operate from the same location.

Terms of the deal were not disclosed.