Steven Wevodau - Insurance Mergers & Acquisitions

ITASCA, Ill., Feb. 12 /PRNewswire/ — Arthur J. Gallagher & Co. today announced the acquisition of Fidelity Benefits & Insurance Services in Waco, Texas. Terms of the transaction were not disclosed.Founded in 2003, Fidelity Benefits & Insurance Services (FBIS) is an employee benefits consultant and insurance broker offering a broad range of employee benefits insurance and consulting services to their Texas clients. They specialize in group life, accident, health, dental, retirement, long and short term disability and cafeteria plans. Todd Dorton and his associates will continue to operate at their current location under the direction of John Neumaier, South Central Regional Executive Vice President of Gallagher’s employee benefit consulting and brokerage operation.

“Part of FBIS’ success stems from their tradition of industry leadership and quality client service,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “Their commitment to delivering the highest professional standards combined with their technology-based strategic solutions will be a terrific complement to our employee benefits operations. We are pleased to welcome Todd 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 15 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.