Arthur J. Gallagher & Co. Acquires McPherson Benefits Group

Dec 08, 2015, 14:30 ET from Arthur J. Gallagher & Co.

ITASCA, Ill., Dec. 8, 2015 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of McPherson Benefits Group, LLC. in Madison, Mississippi. Terms of the transaction were not disclosed.

Formed in 2005, McPherson Benefits Group (McPherson) provides employee benefit consultation, management and brokerage services for larger employer clients throughout the southern United States. They specialize in the design and ongoing management of employee benefit programs with a special emphasis on self-funded medical plans and voluntary products. Tracie McPherson and her associates will continue to operate in their current location under the direction of John Neumaier, head of Gallagher's South Central employee benefit consulting and brokerage operations.

"The McPherson team is highly regarded for their benefits expertise, industry knowledge and strong market relationships," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their Mississippi presence, quality client service and team-based culture will be a great complement to our south central employee benefits operation. We are pleased to welcome Tracie and her colleagues 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 31 countries and offers client service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants. 

Investors: Marsha J. Akin

Media:  Linda J. Collins

Director - Investor Relations

Vice President - Communications




SOURCE Arthur J. Gallagher & Co.