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ITASCA, Ill., Sept. 26 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. today announced the acquisition of The Rains Group, Inc. of Bingham Farms, Michigan. Terms of the transaction were not disclosed.
Founded in 1996, The Rains Group offers a full range of employee benefits brokerage and consulting services such as benefit plan design, regulatory compliance assistance, technology solutions, retirement plan analysis, employee communication and ongoing service support. It serves clients of all sizes and types, including auto suppliers, manufacturers, engineering and design firms, municipalities, financial services and law firms, school districts and retailers. Principals Gordon Rains and Bryan Hirn and their associates will continue to operate at their current location under the direction of William Ziebell, Executive Vice President and North Central Regional Manager of Gallagher Benefit Services, Inc., a subsidiary of Arthur J. Gallagher & Co.
J. Patrick Gallagher, President and CEO of Arthur J. Gallagher & Co, stated, "Like Gallagher, The Rains Group believes in building long-term client partnerships based on trust, integrity and commitment. Their culture-based, team approach to quality client service will be an excellent complement to Gallagher Benefit Services' high standards. We are pleased to welcome Gordon, Bryan and their associates to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co. (NYSE: AJG), 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- 09/26/2006 /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.; Rains Group, Inc. ST: Illinois IN: FIN INS SU: TNM JR-AM -- CGTU062 -- 8358 09/26/2006 14:38 EDT http://www.prnewswire.com