Arthur J. Gallagher & Co. AJG has expanded its wholesale network and brokerage services in Nevada with the KDC Associates, LLC acquisition. The company has not revealed the transaction amount.Las Vegas, NV-based KDC Associates is managing general agent and program manager that offers admitted and excess and surplus, property/casualty and other specialty insurance products and services. Since 2008, the company has been serving independent retail insurance broker clients across Nevada. The acquired company is an expert in insuring automobile, manufacturing, commercial construction, wholesale, hotels and property owner industries. Thus, the buyout will be another feather in the acquirer’s hat. Post acquisition, KDC Associates will continue to operate from its current location.KDC Associates’ depth of expertise, committed client service and robust limited distribution retail network will be substantially value accretive to Arthur J. Gallagher’s client portfolio. In addition, KDC Associates’ strong market relationships will complement the acquirer’s thriving risk management services. This marks the ninth takeover by the company this year. Recently, Arthur J. Gallagher purchased Insurance Plans Agency, Inc. to enhance its employee benefits brokerage and consulting services in North Central region of U.S.Arthur J. Gallagher, which currently holds a Zacks Rank #2 (Buy), has always made prudent acquisitions that ramps up its growth profile. The buyouts are almost exclusively within the brokerage segment. Arthur J. Gallagher has accelerated its acquisition activity in the retail employee benefits brokerage and wholesale brokerage areas.Following the inorganic route to ramp up one’s growth profile seems a well-accepted strategy among insurers as acquisitions and consolidations rage this space. Recently, Marsh & McLennan Agency LLC (“MMA”), the middle market agency subsidiary of Marsh & McLennan Companies, Inc. MMC, acquired Corporate Consulting Services, Ltd. for an undisclosed amount. Also, Sun Life Assurance Company of Canada, the wholly owned subsidiary of Sun Life Financial Inc. SLF acquired the employee benefits business of Assurant Inc. AIZ for $940 million. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GALLAGHER ARTHU (AJG): Free Stock Analysis Report MARSH &MCLENNAN (MMC): Free Stock Analysis Report SUN LIFE FINL (SLF): Free Stock Analysis Report ASSURANT INC (AIZ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research