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ITASCA, Ill., May 10 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of WorkCare Northwest, Inc. headquartered in Boise, Idaho. Terms of the transaction were not disclosed.
Established in 1998, WorkCare Northwest, Inc. is a program administrator specializing in workers compensation insurance for a diverse range of industries. Their business is derived from independent insurance agents and brokers in the western United States. Edward B. Galtney, Ryan A. Moore and their associates will continue to operate out of their current locations in Idaho and Nevada 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, "We are always looking for partners that promote new product alternatives and expand our sales and service presence. With their dedication to professionalism and market locations, WorkCare Northwest's talented group is a good example of our acquisition partner of choice. We are extremely pleased to welcome Ed, Ryan and their 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 more than 100 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- 05/10/2005 /CONTACT: Marsha J. Akin, Investor Relations, Arthur J. Gallagher & Co., +1-630-773-3800/ /Web site: http://www.ajg.com / (AJG) CO: Arthur J. Gallagher & Co.; WorkCare Northwest, Inc. ST: Illinois, Idaho, Nevada IN: FIN INS SU: TNM JK-CM -- CGTU073 -- 8531 05/10/2005 12:09 EDT http://www.prnewswire.com