Arthur J.Gallagher & Co. said April 11 that it acquired Waite Park,Minn.-based Charles Allen Agency Inc., a retail insurance broker.

Terms of the transaction were not disclosed.

Mark Gresser and his associates will continue to operatefrom their Waite Park location under the direction of Michael Pesch, head ofArthur J. Gallagher's Midwest region retail P&C brokerage operation.