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ITASCA, Ill., Feb. 8 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Elite Benefits Insurance Marketing Services, Inc. of Irvine, California. Terms of the transaction were not disclosed.
Founded in 1987, Elite Benefits Insurance Marketing Services, Inc. offers a wide-range of employee benefit consulting and brokerage services that include strategic analysis, plan design, legislative compliance, human resource services and employee communications support. They also provide specialized services in 401(k) retirement plans and workers compensation. John Young and his staff will continue to operate at their current location under the direction of Norbert Chung, Western Regional Executive Vice President of Gallagher Benefit Services, Inc., a subsidiary of Arthur J. Gallagher & Co.
"Elite Benefits' philosophy of superior client service and dedicated teamwork has played a major part in their success over the last 20 years," said J. Patrick Gallagher, Chairman, President and CEO of Arthur J. Gallagher & Co. "It's this culture, combined with their outstanding depth of industry experience, which makes them the ideal merger partner. We are pleased to welcome John 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. -0- 02/08/2007 /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.; Elite Benefits Insurance Marketing Services, Inc. ST: Illinois, California IN: FIN INS WRK SU: TNM SH-JK -- CGTH060 -- 3330 02/08/2007 14:59 EST http://www.prnewswire.com