AJ Gallagher has acquired Nicoud Insurance Services, an Illinois-based retail P&C broker and employee benefits consultancy.
The broker bought the business from its current owners, Jim Hillestad and Tim Nicoud Jr, who will continue to operate out of the company's offices in Springfield, Illinois and Jefferson City, Missouri.
Nicoud's clients include financial institutions, care homes, healthcare providers and automotive service providers.
The company was founded in 1985 by Judy and Tim Nicoud.
The newly acquired business will come under the...
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