ITASCA, Ill., Aug. 31, 2015 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of National Administration Company in Chesterfield, Missouri. Terms of the transaction were not disclosed.
Founded in 1987, National Administration Company (NAC) is a national program administrator that offers affinity group and association products and services throughout the United States. It specializes in the formation and management of associations and provides administration services, insurance benefits, and legal, regulatory and compliance standard expertise for its clients. Dale Turvey and his team will continue to operate from their Chesterfield location under the direction of Kevin Garvin, head of Gallagher's North American affinity operations.
"NAC is highly-regarded for its depth of expertise in association management, administration, and regulatory and compliance services. Their consultants also share a quality team-based service culture that is very similar to Gallagher," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their ability to assist associations in building out a suite of insurance and non-insurance products and their knowledge of the affinity insurance space make them an outstanding addition to our U.S. affinity operations. We are extremely pleased to welcome Dale and his team to our growing family of Gallagher 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.
SOURCE Arthur J. Gallagher & Co.