September 5, 2017 11:00 AM, EDT

Gallagher Bassett Services Acquires National Transportation Adjusters

Arthur J. Gallagher & Co. announced that its subsidiary, Gallagher Bassett Services, has acquired National Transportation Adjusters Inc., a company based in Scottsdale, Ariz., that provides claims management for self-insured trucking companies and corporate fleet operators in the United States.

Terms of the transaction were not disclosed.

“National Transportation Adjusters is an industry leader in providing claims management services for corporate and long-haul fleet transportation risks, and will significantly expand our capabilities in this market,” said J. Patrick Gallagher Jr., CEO of Arthur Gallagher & Co. in Rolling Meadows, Ill., in a statement Sept. 1.

Gallagher said Keith Dunlop and his associates at National Transportation Adjusters will continue to operate the business under the direction of Scott Hudson, the CEO of Gallagher Bassett Services.

Founded in 1927 in Chicago, Arthur Gallagher pioneered the concept of risk management and loss control. In 1962, the company partnered with Sterling Bassett to form a claims management subsidiary. The company went public in 1984 and now is one of world’s largest providers of insurance brokerage and risk management services with operations in 34 countries.

The purchase of National Transportation Adjusters is the 20th acquisition for Arthur J. Gallagher & Co. in 2017 and one of more than 300 acquisitions the company has made since 2010.

Among the deals made this year was the purchase of Commercial Insurance Brokers, an insurance agency in Tulsa, Okla., that provides property and casualty insurance and benefit consulting services to businesses, including transportation, energy and construction firms.