Arthur J. Gallagher & Co. Acquires Advanced Benefit Advisors, Inc.
ITASCA, Ill., April 4, 2013 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Advanced Benefit Advisors, Inc. of Cherry Hill, New Jersey. Terms of the transaction were not disclosed.
Established in 2005, Advanced Benefit Advisors (ABA) offers employee benefit brokerage and consulting services such as group medical, dental, life, voluntary benefits, disability, wellness and long term care insurance programs for their corporate clients throughout the United States. They specialize in providing services for the automotive, financial services and healthcare industries. Robert Petcove and his associates will continue to operate in their current location under the direction of David Ziegler, Eastern Region Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.
"ABA is well-known in the industry for their team-focused approach to personalized client service and solid market relationships," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their specialization and geographic presence will be an excellent complement to our employee benefits operation. We are pleased to welcome Rob and his team to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 19 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
Contact: Marsha J. Akin
Director - Investor Relations
SOURCE Arthur J. Gallagher & Co.