ARTHUR J. GALLAGHER & CO. ACQUIRES MCNEARY, INC.

 

Itasca, IL, May 18, 2016 - -Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition ofMcNeary, Inc. headquartered in Charlotte, North Carolina.  Terms of thetransaction were not disclosed.

 

Founded in 1956, McNeary, Inc.(McNeary) is a retail insurance broker providing commercial property/casualtyinsurance, risk management services and employee benefits insurance andconsulting services to clients throughout the Eastern United States.  Theyspecialize in insurance and consulting services for hospitals and thehealthcare industry.  William Yaeger and his colleagues will continue tooperate from their locations in Charlotte; Marietta, Georgia; and Baton Rouge,Louisiana under the direction of Mitchel Brashier, head of Gallagher’ssoutheastern retail property/casualty brokerage operations and David Ziegler,head of Gallagher’s eastern employee benefit consulting and brokerageoperations.

 

“McNeary is a wonderful example ofour acquisition partner of choice.  This well-established firm is highlyregarded for its industry expertise, solid relationship with industryassociations and team-focused culture,” said J. Patrick Gallagher, Jr.,Chairman, President and CEO.  “Their southeastern presence, depth ofexpertise and quality client service will be terrific complements to ourproperty/casualty and employee benefits brokerage operations.  We arepleased to welcome Bill and his associates to our growing Gallagher family ofprofessionals.”

 

Arthur J. Gallagher & Co., aninternational insurance brokerage and risk management services firm, isheadquartered in Itasca, Illinois, has operations in 31 countries and offersclient service capabilities in more than 150 countries around the world througha network of correspondent brokers and consultants. 

 

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

Director - Investor Relations                                     VP – CorporateCommunications

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