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Arthur J. Gallagher & Co. Acquires Insurance Plans Agency, Inc.

ITASCA, Ill., April 12, 2016 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Insurance Plans Agency, Inc. in South Barrington, Illinois. Terms of the transaction were not disclosed.

Established in 1983, Insurance Plans Agency, Inc. (IPA) is a retail insurance broker providing group employee benefits products and consulting services, and commercial property/casualty insurance services, to business and individual clients throughout the United States.  They specialize in employee benefits products including strategic planning, building and implementation of custom benefit solutions, as well as providing wellness plans, human resource and compliance support and employee communications.  Mark Andrew Varland and his team will continue to operate from their current location under the direction of William Ziebell, head of Gallagher's North Central employee benefit consulting and brokerage operations.

"The IPA team is well known for their benefits expertise and their ability to evaluate and provide alternative benefit solutions for their clients," said J. Patrick Gallagher, Jr., Chairman, President and CEO.  "In addition, their similar sales culture and strong client relationships will be a terrific complement to our growing employee benefits brokerage and consulting operation.  We are pleased to welcome Andy 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 31 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Investors: Marsha J. Akin

Media:  Linda J. Collins

Director - Investor Relations

VP – Corporate Communications

630-285-3501 – marsha_akin@ajg.com

630-285-4009 – linda_collins@ajg.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-insurance-plans-agency-inc-300249928.html

SOURCE Arthur J. Gallagher & Co.