Arthur J. Gallagher & Co. Acquires Broker Benefit Services, L.L.C.
ITASCA, Ill., June 8, 2012 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Broker Benefit Services, L.L.C. in Chesterfield, Missouri. Terms of the transaction were not disclosed.
Founded in 2001, Broker Benefit Services, L.L.C. offers employee benefit brokerage and consulting services for their clients throughout the Midwest. They specialize in group health and welfare, executive benefits and wellness plans with an emphasis on planning, design, implementation and cost containment for group businesses. Corey M. Durbin, John H. Byrne and their associates will continue to operate in their current location under the direction of William Ziebell, North Central Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.
"Over the last 11 years, Broker Benefit Services has developed a strong team with the experience and expertise in providing the latest solutions for their clients' employee benefit needs," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "This dynamic agency's solid growth is a tribute to their entrepreneurial culture and their team-based focus on client service. They will be a wonderful complement to our employee benefits operations, and we are pleased to welcome Corey, John and their colleagues 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 17 countries and offers client service capabilities in more than 110 countries around the world through a network of correspondent brokers and consultants.
Contact: Marsha Akin
Director - Investor Relations
SOURCE Arthur J. Gallagher & Co.