Arthur J. Gallagher & Co. Acquires The BeneTex Group, Inc.

Sep 14, 2011, 13:25 ET from Arthur J. Gallagher & Co.

ITASCA, Ill., Sept. 14, 2011 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of The BeneTex Group, Inc. in Georgetown, Texas.  Terms of the transaction were not disclosed.

Founded in 1992, The BeneTex Group is an employee benefit broker that offers a full range of group employee benefit products and consulting services.  They specialize in providing group medical, disability, dental and voluntary products to their client partners in the south central United States.   Danny Bone, Jason Kloc, Jeff Kloc and their associates will continue to operate from their current location under the direction of John Neumaier, South Central Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.

"The BeneTex Group is another great example of an acquisition partner that fits well within our sales and service culture.  They are well-known in the industry for their outstanding client relationships and high level of expertise," stated J. Patrick Gallagher, Jr., Chairman, President and CEO.  "Their geographic presence and team-work approach to client service will be a wonderful complement to our employee benefit brokerage division.  We are pleased to welcome Danny 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 16 countries and offers client-service capabilities in more than 100 countries around the world through a network of correspondent brokers and consultants.  

Contact:  Marsha J. Akin Director - Investor Relations 630-285-3501 or marsha_akin@ajg.com

SOURCE Arthur J. Gallagher & Co.



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