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ITASCA, Ill., Jan. 9 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Financial Profiles, Inc. located in Coral Springs, Florida. Terms of the transaction were not disclosed.
Founded in 1981, Financial Profiles, Inc. is a specialty retail life insurance agency. They specialize in life policies, life settlement, premium financing and estate planning for their family-clients primarily in the Southeast. Karen Tharp, James Tharp and their associates will continue to operate in their current location under the direction of David Ziegler, Executive Vice President - Eastern Region of Gallagher Benefit Services, Inc., a subsidiary of Arthur J. Gallagher & Co.
"Part of our acquisition plan includes increasing our product capabilities and geographic presence," said J. Patrick Gallagher, Chairman, President and CEO of Arthur J. Gallagher & Co. "Not only does Financial Profiles fulfill both these characteristics but they also fit well within our sales and marketing culture. They will be a wonderful addition to our Gallagher Benefit Services division, and we are pleased to welcome Karen, Jim and their 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- 01/09/2007 /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.; Financial Profiles, Inc. ST: Illinois, Florida IN: FIN INS SU: TNM TG-JK -- CGTU072 -- 5827 01/09/2007 15:45 EST http://www.prnewswire.com