Arthur J. Gallagher & Co. Acquires The Gleason Agency, Inc. and Gleason Financial, Ltd.
ITASCA, Ill., Jan. 10, 2011 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of The Gleason Agency, Inc. and its affiliate, Gleason Financial, Ltd., ("Gleason Companies"), both headquartered in Johnstown, Pennsylvania. Terms of this transaction were not disclosed. This acquisition does not include Gleason Technology, Inc., which will continue to run independently.
With roots dating back to 1910, the Gleason Companies are retail insurance brokers providing commercial property/casualty, employee benefits and risk management consulting services to their clients throughout the United States. They specialize in insurance services for the food, retail, education, public entity, defense and real estate industries. Robert A. Gleason, Jr., Christopher K. Gleason and their associates will continue to operate in their Johnstown, Pittsburgh and Philadelphia locations under the direction of Douglas B. Brown, Northeast Regional Manager of Gallagher's retail property/casualty brokerage operation.
"The Gleason Companies are highly regarded for their solid industry expertise and outstanding relationships," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "With a century of insurance experience, strong market contacts, team-based client focus and solid Pennsylvania presence, this outstanding organization will be a significant addition to our Northeast region. We are extremely pleased to welcome Rob, Chris and their 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 15 countries and does business in more than 110 countries around the world through a network of correspondent brokers and consultants.
Contact: Marsha J. Akin -Investor Relations
SOURCE Arthur J. Gallagher & Co.