Arthur J. Gallagher & Co. Acquires Summit Insurance Group

ITASCA, Ill., Sept. 17 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. today announced the acquisition of Summit Insurance Group in San Antonio, Texas. Terms of the transaction were not disclosed.

Established in 1997, Summit Insurance Group offers a wide range of employee benefit consultation and brokerage services for their Texas clients. They specialize in group medical, dental, life and disability insurance with an emphasis on planning, design, implementation, cost containment and plan administration for group businesses with 50 or more employees. L.P. "Buddy" Morris and his associates will continue to operate in their current location under the direction of John Neumaier, South Central Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.

"Our acquisition strategy is about increasing our capabilities for our clients and growing our geographic presence. The addition of Summit Insurance Group allows us to do both," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "This dynamic agency's solid growth is a tribute to their entrepreneurial culture and their team-based focus on client service. They will be a wonderful complement to our employee benefits team, and we are pleased to welcome Buddy and his team 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 14 countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants. Gallagher is traded on the New York Stock Exchange under the symbol AJG.

SOURCE Arthur J. Gallagher & Co.

CONTACT: Marsha J. Akin, Investor Relations of Arthur J. Gallagher & Co., +1-630-773-3800