ITASCA, Ill. -- Arthur J. Gallagher & Co. announced Wednesday that it will acquire Triad USA Inc., the latest of a number of acquisitions for the insurance broker.
The financial terms of the deal were not disclosed.
Triad, based in Pittsburgh, is an employee benefits brokerage and consulting firm formed in 1998.
Arthur J. Gallagher has expanded around the globe this year, buying insurance companies in London and Singapore, along with agencies and related operations in several states. The company, based in Itasca, Ill., has insurance and risk-management operations in 17 countries
Shares of Arthur J. Gallagher rose 4 cents to $35.47 in late afternoon trading.