ITASCA, Ill., Dec. 16, 2010 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Herbruck, Alder & Company located in Cleveland, Ohio. Terms of the transaction were not disclosed.
Founded in 1962, Herbruck, Alder & Company provides employee benefit consultation and brokerage services for their Midwest clients. They specialize in group benefits, retirement planning, HR consulting and executive benefits with an emphasis on planning analysis and design, cost benefit analysis, compliance, implementation, and communication and education. Mark Alder and his associates will continue to operate at 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 almost 50 years, Herbruck, Alder & Company has been committed to delivering creative products and quality service to their clients. Their reputation for integrity and team-based client focus make them a perfect cultural fit for our organization," said J. Patrick Gallagher, Jr. Chairman, President and CEO. "Their extensive experience and geographic presence will also be a wonderful complement to our employee benefits broker and consulting team. We are pleased to welcome Mark 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 15 countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants
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SOURCE Arthur J. Gallagher & Co.