Arthur J. Gallagher & Co. Acquires ProSource Financial, LLC

ITASCA, Ill., Feb. 8, 2012 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of ProSource Financial, LLC. in Westchester, Illinois.  Terms of the transaction were not disclosed.

Founded in 1986, ProSource Financial, LLC. is an employee benefit insurance broker that offers a full range of group employee benefit products and consulting services to their clients in the Midwestern United States.  They specialize in providing group medical, disability, dental and voluntary products to the medical, food service, education and business service industries.  Leo J. Shapiro and his colleagues 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.

"Over the last 25 years, ProSource Financial has been successfully building their business by focusing on quality client service and developing their strong sales culture," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their seasoned production team, depth of expertise, and sales culture will be a terrific complement to our employee benefits brokerage and consulting operation.  We are pleased to welcome Leo and his colleagues 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 17 countries and offers client-service capabilities in more than 110 countries around the world through a network of correspondent brokers and consultants.

Contact: Marsha J. Akin
Director - Investor Relations
630-285-3501 – [email protected]

SOURCE Arthur J. Gallagher & Co.