Arthur J. Gallagher & Co. (NYSE:AJG) acquired Hill, Chesson & Woody on January 13, 2017. Todd Yates, Skip Woody and their team will continue to operate under the direction of John Tournet, head of Arthur J. Gallagher's Southeast employee benefit consulting and brokerage operations. Todd Yates, Skip Woody and their team will continue to operate from their Durham location. Arthur J. Gallagher & Co. (NYSE:AJG) completed the acquisition of Hill, Chesson & Woody for $59.9 million on January 13, 2017. Out of $59.9 million, $34.8 million in cash was paid, $0.7 million was deposited in escrow and $24.4 is the maximum potential earn out payable.