Arthur J. Gallagher & Co. of Itasca, Ill., announced that it has bought Roberts & Roberts Insurance Service Inc. in Greensboro, N.C.

The price of the deal, which closed Thursday, was not disclosed.

Formed in 1994, Roberts & Roberts is an insurance brokerage that provides commercial property-casualty and risk management services to clients in the Southeast. It specializes in coverage for the transportation, construction, and manufacturing industries.

Wayne Roberts, the brokerage's chief executive officer, and his associates will continue to operate in their Greensboro location.

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