ITASCA, Ill., Jan. 12, 2015 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of e3 Financial in Newport Beach, California. Terms of the transaction were not disclosed.
Established in 1988, e3 Financial (e3) provides employee benefits brokerage, human resource administration and financial benefits consultation services for middle market group clients and individuals throughout the United States. They specialize in integrated organizational, executive and employee resources products for the real estate development, technology and financial services industries. Andrew Torelli, Michael Rankin, Amanda Davis and their colleagues will continue to operate in their current location under the direction of Norbert Chung, leader of Gallagher's Western employee benefit consulting and brokerage operations.
"e3 is well-known for its depth of industry expertise, strong market relationships and an entrepreneurial team that is focused on high-quality client service," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their professional services specialization and their strong service culture is a natural fit, and their West Coast presence will be a great complement to our employee benefits operation. We are pleased to welcome Andy, Mike, Amanda and their e3 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 30 countries and offers client service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
SOURCE Arthur J. Gallagher & Co.