ITASCA, Ill., Nov. 6, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Discovery Benefit Solutions, Inc. in San Diego, California. Terms of the transaction were not disclosed.
Formed in 2008, Discovery Benefit Solutions, Inc. (DBS) provides employee benefit consultation, management and brokerage services for group and individual clients throughout the western United States. They specialize in self-funded medical, dental and vision programs as well as benefit solutions for the bio-tech, hi-tech, charter school, medical group and manufacturing industries. Brenda Fagan-Johnson, Michael Lutosky, Michael Pondrom and their associates will continue to operate in their current location under the direction of Norbert Chung, head of Gallagher's western employee benefit consulting and brokerage operations.
"The DBS team is well known for their depth of experience, industry knowledge and strong market relationships," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their Southern California presence, solid expertise and team-based client service will be a great complement to our western employee benefits operation. We are pleased to welcome Brenda, Mike, Michael and their colleagues 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 30 countries and offers client service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
SOURCE Arthur J. Gallagher & Co.