Arthur J. Gallagher & Co. Acquires IBIS Advisors
ITASCA, Ill., Oct. 25, 2012 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of IBIS Advisors headquartered in Los Angeles, California. Terms of the transaction were not disclosed.
Established in 1997, IBIS Advisors (IBIS) offers a wide range of employee benefit and compensation consulting services for their multinational clients. They operate exclusively in the international space, and along with consulting services, they specialize in information and education services, compliance manuals and compliance alerts for more than 50 countries. In addition, the firm holds affiliations with broker consultants in 90 countries that can provide in-country expertise, consulting and brokerage capabilities. Richard Polak and his associates will continue to operate from their Los Angeles and Washington, D.C. locations under the direction of James Durkin , President of Gallagher's employee benefit consulting and brokerage operations.
"We're excited about adding IBIS' highly regarded and internationally-focused capabilities to our benefit operation's suite of services. We also will now have a dedicated team of experts in over 90 countries ready to put the right solution in place for any domestic employer's international employees," said J. Patrick Gallagher, Jr. , Chairman, President and CEO. "With more and more of our clients expanding internationally, it's important that we are able to service their needs both in the U.S. and around the world. We are extremely pleased to welcome Richard 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 17 countries and offers client-service capabilities in more than 110 countries around the world through a network of correspondent brokers and consultants.
Marsha J. Akin
Director - Investor Relations
SOURCE Arthur J. Gallagher & Co.
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