Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of James F. Reda & Associates, LLC in New York, NY. Terms of the transaction were not disclosed.
Formed in 2004, James F. Reda & Associates, LLC is an executive compensation and corporate governance consulting firm. They provide executive and corporate governance compensation advisory services including the creation, planning and implementation of base and total cash compensation programs to both publicly-traded and privately-held clients throughout the United States. They also specialize in the development of total rewards strategies, competitive market reviews, change-in-control and severance analysis, equity strategy and valuation techniques, and assessments of relative company performance. James F. Reda and his staff will continue to operate at their current location under the direction of William Ziebell, North Central Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.
"Reda & Associates is highly regarded within the executive compensation arena for their depth of knowledge and proprietary research and is known for their high degree of quality service," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "With their specialized expertise in executive compensation and corporate governance, they will be a terrific complement to our employee benefits brokerage and consulting operation. We are pleased to welcome Jim 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 16 countries and does business in more than 110 countries around the world through a network of correspondent brokers and consultants.