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ITASCA, Ill., Nov. 30 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of William H. Connolly & Co. of Montclair, New Jersey. Terms of the transaction were not disclosed.
Incorporated in 1950, William H. Connolly & Co. is a retail insurance broker offering commercial and personal insurance products and services as well as employee benefit packages and individual and group life and health coverage to its clients located throughout the Northeast. They specialize in programs for healthcare providers, metalworkers, universities, not-for-profit organizations and law firms. William H. Connolly, Jr. and his staff will continue to operate in their Montclair location under the direction of Douglas B. Brown, Vice President and Northeast Regional Manager of Gallagher's Brokerage Services Division - Retail.
J. Patrick Gallagher, Jr., Chairman, President and Chief Executive Officer said, "With their depth of expertise, specialty programs and strong team approach to client service, William H. Connolly & Co. will be a wonderful addition to both our niche practice groups and our Northeast region. We are extremely pleased to welcome Bill 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 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. CONTACT: Marsha J. Akin, Investor Relations, of Arthur J. Gallagher & Co., +1-630-773-3800