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MarketScreener Homepage  >  Equities  >  Nyse  >  Arthur J. Gallagher & Co    AJG

ARTHUR J. GALLAGHER & CO

(AJG)
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Arthur J Gallagher : Acquires Capitol Benefits Group

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04/05/2016 | 02:31pm EST

ITASCA, Ill., April 5, 2016 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Capitol Benefits Group in Oklahoma City, Oklahoma. Terms of the transaction were not disclosed.

Founded in 1999, Capitol Benefits Group (Capitol) is an employee benefits insurance broker that provides employee benefits insurance products and consulting services to small and middle-market businesses and individual clients throughout the Central United States. They specialize in strategic planning, building tailored benefit programs and other HR/benefit solutions such as wellness plans, compliance support and employee communications. Charles Paine, Diane Paine and their team will continue to operate from their current location under the direction of John Neumaier, head of Gallagher's South Central employee benefit consulting and brokerage operations.

"Capitol's team has the expertise, market relationships and quality service that we value in our acquisition partners," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "In addition, their Oklahoma presence and their team-based sales culture will be a terrific complement to our growing employee benefits brokerage and consulting operation. We are pleased to welcome Chuck, Diane and their 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 31 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

    Investors: Marsha J. Akin          Media:  Linda J. Collins

    Director - Investor Relations      VP - Corporate Communications

    630-285-3501 - marsha_akin@ajg.com 630-285-4009 - linda_collins@ajg.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-capitol-benefits-group-300246461.html

SOURCE Arthur J. Gallagher & Co.


© PRNewswire 2016
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