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ITASCA, Ill., Jan. 10 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Benefit Management Group, Inc. of Royal Palm Beach, Florida. Terms of the transaction were not disclosed.
Founded in 1997, Benefit Management Group, Inc. (BMG) is a leading benefit brokerage firm offering a wide-range of employee benefit services to their clients nationwide. They specialize in strategic planning, benefit negotiations, pricing analysis, disease management, employee communications, and pharmacy management services. Ken Evelyn and his associates will continue to operate out of their current Florida and Georgia offices under the direction of David Ziegler, Eastern Regional Executive Vice President of Gallagher Benefit Services, Inc., a subsidiary of Arthur J. Gallagher & Co.
J. Patrick Gallagher, Jr., President and CEO of Arthur J. Gallagher & Co., stated, "We are committed to finding new acquisitions that share our culture of dedicated teamwork and client-focused service, and BMG is a perfect example of this partner of choice. Their wealth of expertise and highly experienced benefits professionals will be an outstanding addition to Gallagher Benefit Services' Eastern Region. We are extremely pleased to welcome Ken 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 seven countries and does business in more than 110 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. -0- 01/10/2006 /CONTACT: Marsha J. Akin, Investor Relations of Arthur J. Gallagher & Co., +1-630-773-3800/ /Web site: http://www.ajg.com / (AJG) CO: Arthur J. Gallagher & Co.; Benefit Management Group, Inc. ST: Illinois, Florida IN: INS FIN SU: TNM TG-JK -- CGTU055 -- 7638 01/10/2006 14:18 EST http://www.prnewswire.com