ARTHUR J. GALLAGHER & CO. ACQUIRES BIS INSURANCE SERVICES, INC.
Itasca, IL, October 4, 2007 - - Arthur J. Gallagher & Co. today announced the acquisition of BIS Insurance Services, Inc. located in Sacramento, California. Terms of the transaction were not disclosed.
Founded in 1979, BIS Insurance Services, Inc. is an employee benefits insurance broker that provides customized benefits programs to their clients in Northern California. They specialize in medical, dental, vision, life and disability insurance programs, investment planning, and employee benefit consultative services. Dale Waters and his associates will continue to operate in their current location under the direction of Norbert Chung, Executive Vice President - Western Region of Gallagher Benefit Services, Inc., a subsidiary of Arthur J. Gallagher & Co.
“Over the last 25 years, BIS Insurance Services has developed an outstanding reputation for specialized customer service and solid market relationships,” said J. Patrick Gallagher, Jr., Chairman, President and CEO of Arthur J. Gallagher & Co. “Their strong sales culture and western presence will also be a great complement to our employee benefits brokerage operation. We are pleased to welcome Dale and his associates 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 seven 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.
# # # #
