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ITASCA, Ill., April 5 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Sobieski & Bradley, Inc. of Salt Lake City, Utah. Terms of the transaction were not disclosed.
Formed in 1987, Sobieski & Bradley, Inc. is a wholesale insurance broker and managing general agent which provides property/casualty, professional liability and other specialty insurance products and services for independent insurance agents and brokers located throughout the West. Michael Sobieski and his associates will continue to operate out of their current location in Salt Lake City under the direction of Joel Cavaness, President of Risk Placement Services, Inc., a subsidiary of Arthur J. Gallagher & Co.
J. Patrick Gallagher, Jr., President and Chief Executive Officer said, "Sobieski & Bradley is a great example of our acquisition partner of choice. Not only do they add to our geographic footprint in the Intermountain West, but they also bring a talented culture that matches ours. Their wealth of specialty products and service capabilities will be a strong addition to Risk Placement Services' expanding wholesale network. We are extremely pleased to welcome Mike and his team 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 operation 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- 04/05/2006 /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.; Sobieski & Bradley, Inc. ST: Illinois, Utah IN: FIN INS SU: TNM AB-JK -- CGW066 -- 4970 04/05/2006 14:55 EDT http://www.prnewswire.com