ITASCA, Ill., June 6, 2012 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Grossman & Associates, Inc. in Beachwood, Ohio. Terms of the transaction were not disclosed.
Founded in 1980, Grossman & Associates, Inc. is an employee benefits broker and consultant that offers group health, welfare and wellness plans for their clients primarily in Ohio. They specialize in educational institutions and consortia, public entities, non-profit organizations and professional service firms. Ned Grossman and his colleagues 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.
"For over three decades, Grossman & Associates has developed a sales culture with an emphasis on building strong relationships with both their clients and benefit providers," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "With their team-based dedication to quality client service, specialization and geographic presence, they will be a terrific complement to our employee benefits operations. We are pleased to welcome Ned and his associates 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.