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ITASCA, Ill., Nov 21, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Adams & Associates International, Ltd. of Columbia, South Carolina. Terms of the transaction were not disclosed.
With roots going back to 1980, Adams & Associates International, Ltd. is a retail insurance broker offering property/casualty, accident, and medical insurance programs and related services to their clients throughout the world. They specialize in missionary and non-profit organizations and related persons residing, traveling, and/or working outside of the U.S. Harold H. Adams, Jr. and his staff will continue to operate in their Columbia location under the direction of David Marcus, Vice President and South Eastern Regional Manager of Gallagher's Brokerage Services Division - Retail.
J. Patrick Gallagher, Jr., Chairman, President and Chief Executive Officer said, "One of our goals is to find new merger partners that share our strong sales culture and help expand our niche strategy. Adams & Associates International is a perfect example of this. Their team is focused on growth, committed to quality client service and will be a wonderful addition to our Religious and Non-Profit niche programs. We welcome Hal and his associates 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 seven countries and does business in 120 countries around the world through a network of correspondent brokers and consultants. Gallagher is traded on the New York Stock Exchange under the symbol AJG.
SOURCE Arthur J. Gallagher & Co.
Marsha J. Akin, Investor Relations of Arthur J. Gallagher & Co., +1-630-773-3800