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ITASCA, Ill., Dec. 29 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Brokerage Professionals, Inc. of Media, Pennsylvania. Terms of the transaction were not disclosed.
Established in 1982, Brokerage Professionals, Inc. (bpi) is a full-service retail insurance broker providing commercial property-casualty, workers' compensation and risk management services as well as a wide range of employee benefit consulting/administration and brokerage services to their clients in the Northeast. They specialize in the education, public entity, real estate, not-for-profit social services, construction, healthcare, and transportation industries with a focus on mid to large sized accounts. Patrick V. Larkin, Deidre I. Frederick, Susan E. Larkin and their associates will continue to operate in their Media, Pennsylvania location under the direction of Michael P. Golden, Northeastern Regional Manager of Gallagher's Brokerage Services Retail Division.
J. Patrick Gallagher, Jr., President and Chief Executive Officer said, "With over 23 years of insurance experience, bpi's outstanding management team will be a significant addition to our Northeast Region. Their emphasis on teamwork and quality client service as well as their specialized business expertise makes them our merger partner of choice, fitting perfectly into both our culture and our niche sales strategy. We are extremely pleased to welcome Pat, Deidre, Susan and their 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- 12/29/2005 /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.; Brokerage Professionals, Inc. ST: Illinois, Pennsylvania IN: INS REA FIN SU: TNM AB-JK -- CGTH027 -- 3487 12/29/2005 15:02 EST http://www.prnewswire.com