|View printer-friendly version|
ITASCA, Ill., Oct. 31 /PRNewswire-FirstCall/-- Arthur J. Gallagher & Co. today announced the acquisition of Cedar Hill Insurance Agency, Inc. based in Scottsdale, Arizona. Terms of the transaction were not disclosed.
Founded in 1995, Cedar Hill Insurance Agency, Inc. is a retail property/casualty insurance program administrator and business process outsourcing firm. They specialize in workers compensation insurance programs for professional employer organizations and temporary service industries throughout the U.S. Joseph McCormick, and his associates will continue to operate out of their current Scottsdale and Smyrna, Georgia locations under the direction of David J. McManus, President of Artex Risk Solutions, Inc, Arthur J. Gallagher & Co.'s international captive and program subsidiary.
"We continue to find outstanding new partners with specializations that complement our niche strategy," said J. Patrick Gallagher, Jr., Chairman, President and CEO of Arthur J. Gallagher & Co. "Cedar Hill's depth of industry experience and quality business process platform will be an excellent fit within our Artex Risk Solutions unit. We are extremely pleased to welcome Joe and his professional 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 more than 100 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.
/CONTACT: Marsha J. Akin, Investor Relations of Arthur J. Gallagher &
/Web site: http://www.ajg.com /