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Arthur J. Gallagher & Co. Acquires Independent Benefit Services, Inc.

ITASCA, Ill., Dec. 17, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Independent Benefit Services, Inc. (iBEN) located in Rockville, Maryland.  Terms of the transaction were not disclosed.

Founded in 1989, iBEN provides employee benefits, human resources and retirement plan consultation and brokerage services for middle-market clients in the mid-Atlantic region.  They specialize in offering tailored group benefits, retirement planning, HR consulting and executive benefits with an emphasis on planning analysis and design, cost benefit analysis, compliance, implementation, and communication and education.  Neil Simons and his associates will continue to operate at their current location under the direction of David Ziegler, head of Gallagher's eastern employee benefit consulting and brokerage operations.

"Over the last 25 years, iBEN has developed an outstanding reputation for delivering cost-effective, creative products and quality client service supported by its highly-skilled professionals.  This team-based client focus makes them a perfect cultural fit for our organization," said J. Patrick Gallagher, Jr. Chairman, President and CEO.  "Their strong mid-Atlantic presence and solid market relationships will also be a wonderful complement to our employee benefits brokerage and consulting team.  We are pleased to welcome Neil and his 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.

Media: Linda J. Collins

Investors: Marsha J. Akin

Vice President - Communications

Director - Investor Relations




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SOURCE Arthur J. Gallagher & Co.