Thursday, September 2, 2010

Arthur J. Gallagher & Co. Acquires Old Greenwich Consulting Group

Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Old Greenwich Consulting Group located in New York City, New York. Terms of the transaction were not disclosed.

Old Greenwich Consulting Group offers employee benefit consulting and brokerage services, including life insurance and group benefits, for their middle-market clients in the Eastern United States. They specialize in the design, service and implementation of employee benefit programs. Michael Johnson and his associates will continue to operate in New York City under the direction of David Ziegler, Eastern Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.

J. Patrick Gallagher, Jr., Chairman, President and CEO stated, "Old Greenwich Consulting Group is a great example of our merger partner of choice. Their company's foundation is built on close business relationships and quality client service. Their customers are their first priority, and they focus on that goal every day. They will be a wonderful complement to our employee benefits team, and we are pleased to welcome Michael 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 operations in 15 countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants.

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