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ITASCA, Ill., Jan 20, 2005 /PRNewswire-FirstCall via COMTEX/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Horton Insurance Agency, Inc. of Oklahoma City, Oklahoma. Terms of the transaction were not disclosed.
Formed originally in 1983, Horton Insurance Agency, Inc. is a retail insurance broker offering risk management, commercial property/casualty, life and health insurance services to their clients throughout the United States. They specialize in the construction, property management, public entity, real estate and hospitality industries and focus on large, complex accounts. Dick Horton and his staff will continue to operate in their Oklahoma City location under the direction of James J. Braniff III, South Central Regional Manager of Gallagher's Brokerage Services Division - Retail.
J. Patrick Gallagher, Jr., President and Chief Executive Officer said, "The Horton Insurance Agency's professional staff has an excellent reputation for experienced, client-focused services. Their strong culture and their solid growth record are the characteristics which we look for in an acquisition partner. We look forward to working with Dick and his team for many years to come, and we welcome them 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 eight 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.
Marsha J. Akin, Investor Relations of Arthur J. Gallagher & Co., +1-630-773-3800