ITASCA, Ill., May 9, 2011 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Meyers-Reynolds & Associates, Inc. headquartered in Oklahoma City, Oklahoma. Terms of the transaction were not disclosed.
Formed in 1985, Meyers-Reynolds & Associates, Inc. (MRA) is a retail insurance broker providing commercial property/casualty insurance products and risk management services to their clients worldwide. They specialize in insurance programs for the utility/power generation and energy industries. Lee Reynolds, David Brown, Paul Brown and their associates will continue to operate in their Oklahoma City and Tulsa locations under the direction of Michael Henthorn, South Central Regional Manager of Gallagher's retail property/casualty brokerage operations.
"Over the last 30 years, MRA's team has developed an outstanding reputation for their in-depth industry expertise and solid market relationships," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their client-focused culture and specializations will be a wonderful complement to both our energy niche practice and our South Central Region. We look forward to working with Lee, David, Paul and their team for many years to come, and we welcome them 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 16 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.