ITASCA, Ill., March 8, 2012 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Wischmeyer Benefit Partners in Dallas, Texas. Terms of the transaction were not disclosed.
Founded in 1988, Wischmeyer Benefit Partners (WBP) offers a wide range of employee benefit consultation and insurance brokerage services for their corporate, executive and individual clients throughout the southern United States. They specialize in group medical, dental, life, disability and long term care insurance programs. Mark Wischmeyer and his associates will continue to operate in their current location under the direction of John Neumaier, South Central Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.
"We continue to look for acquisition partners that will help us expand our client capabilities and will be a good fit within our sales and service culture," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "For over 24 years, WBP's top priority has been their clients, and they have developed a team-based culture that focuses on quality service and solid relationships. They will be a great complement to our employee benefits operation, and 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 17 countries and offers client-service capabilities in more than 110 countries around the world through a network of correspondent brokers and consultants.
CONTACT: Marsha J. Akin
Director - Investor Relations
630-285-3501/ [email protected]
SOURCE Arthur J. Gallagher & Co.