logo
  Join        Login             Stock Quote

Arthur J. Gallagher (AJG) Buys Broker Benefit Services

 June 08, 2012 12:30 PM
 


(By Balaseshan) Arthur J. Gallagher & Co. (NYSE:AJG), which provides insurance brokerage and risk management services, is expanding its employee benefit consulting and brokerage operations with the acquisition of Broker Benefit Services, L.L.C. in Chesterfield, Missouri for an undisclosed term.

Broker Benefit Services, which was founded in 2001, offers employee benefit brokerage and consulting services for their clients throughout the Midwest. They specialize in group health and welfare, executive benefits and wellness plans with an emphasis on planning, design, implementation and cost containment for group businesses.

[Related -Arthur J. Gallagher & Co. (AJG): A Strong Organic Growth Story]

Corey Durbin, John Byrne and their associates will continue to operate in their current location under the direction of William Ziebell, North Central Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.

Recently, this week, Arthur J. Gallagher also announced the acquisition of Grossman & Associates, Inc. in Beachwood, Ohio for an undisclosed sum. Grossman & Associates, which was founded in 1980, is an employee benefits broker and consultant that offers group health, welfare and wellness plans for their clients primarily in Ohio.

Grossman & Associates specialize in educational institutions and consortia, public entities, non-profit organizations and professional service firms.

Ned Grossman and his colleagues will continue to operate in their current location under the direction of William Ziebell, North Central Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.

[Related -Stock Upgrades And Downgrades: ADBE, AJG, BBRY, BLL, CLF, RYN, S, UNFI]

AJG is trading down 0.83% at $34.53 on Friday. The stock has been trading between $24.29 and $38.24 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageCrude Rebound

Since the price of crude oil broke below $90 per barrel in September, the Brent global benchmark has been read on...

article imageShould You Invest In The Hottest New Trend In Finance?

Thanks to major changes in regulation, social media and technology, the business of banking has undergone read on...

article imageStrong Attractor in Action Pulling S&P 500 Down

The attractor is formed by the 200-day moving average and the 50% Fibonacci retracement of the up move from read on...

article imageIs The Weak Housing Market A Warning Sign For The US Economy?

Today’s US economic releases – housing starts and business survey data for the manufacturing sector – read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.