ITASCA, Ill., Dec. 23 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co.
(NYSE: AJG) today announced the acquisitions of Stanton Group LLC and Stanton
Group Risk Management Services LLC, both headquartered in Minneapolis,
Minnesota. Terms of the transactions were not disclosed.
With roots back to 1953, Stanton Group LLC is an employee benefit broker
that offers a broad range of employee benefits consulting and brokerage
services to their clients throughout the Midwest and Texas including benefit
analysis, planning and design; compensation consulting; training and
development; actuarial and retirement consulting and employee communications
support.
Stanton Group Risk Management Services LLC is a retail insurance broker
providing commercial property/casualty and risk management services to their
mid-western clients. They specialize in executive risk services including
Directors & Officers, professional and fiduciary liability as well as Errors &
Omissions and kidnap and ransom coverages.
Michael O'Brien and his associates will continue to operate from their
Minneapolis headquarters. Their benefits operations in Minneapolis and
Plymouth, Minnesota and Dallas, Texas will report through William Ziebell,
North Central Regional Executive Vice President of Gallagher's employee
benefit consulting and brokerage operations. Their retail property/casualty
operations in Bloomington and Shakopee, Minnesota will report through Thomas
Gallagher, Midwest Regional Manager of Gallagher's retail property/casualty
brokerage operations.
"For almost 60 years, the Stanton Group has been dedicated to helping
their clients maximize their human resources, benefit and insurance plans,"
said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their depth of
experience, client-focused service, and market relationships, will be a
terrific complement to both our employee benefit and property/casualty
operations. We are pleased to welcome Mike 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 14 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.
12/23/2008
/CONTACT: Investor Relations, Marsha J. Akin of Arthur J. Gallagher &
Co., +1-630-773-3800
/Web site: http://www.ajg.com
(AJG)