Arthur J. Gallagher & Co. Acquires Benefit Development Group
ITASCA, Ill., Feb. 14, 2014
ITASCA, Ill., Feb. 14, 2014 /PRNewswire/ --Arthur J. Gallagher & Co. (NYSE:
AJG) today announced the acquisition of Benefit Development Group of Selma,
Alabama. Terms of the transaction were not disclosed.
Established in 1986, Benefit Development Group (BDG) provides employee benefit
consultation, management and brokerage services for full and self-funded,
middle-to-large group clients throughout the United States. They focus on
employee benefit compliance, design, financing, administration and
communication. Holland Powell, David Cothran, Duncan Hope and their
associates will continue to operate in their current location under the
direction of John Neumaier, leader of Gallagher's south central employee
benefit consulting and brokerage operations.
"BDG is highly-regarded in the industry for its solid market relationships,
strong industry expertise, and dedication to quality client service," said J.
Patrick Gallagher, Jr., Chairman, President and CEO. "Their service-based
culture is a natural fit and their central Alabama presence will be a great
complement to our employee benefits operation. We are pleased to welcome
Holland, David, Duncan and their colleagues to our growing Gallagher family of
Arthur J. Gallagher & Co., an international insurance brokerage and risk
management services firm, is headquartered in Itasca, Illinois, has operations
in 24 countries and offers client service capabilities in more than 140
countries around the world through a network of correspondent brokers and
Contact: Marsha J. Akin
Director - Investor Relations
SOURCE Arthur J. Gallagher & Co.
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