Steven Wevodau - Insurance Mergers & Acquisitions

ITASCA, Ill., Feb. 6 /PRNewswire-FirstCall/ — Arthur J. Gallagher & Co. today announced the acquisition of PartnerSource, Inc. in Dallas, Texas. Terms of the transaction were not disclosed.

Organized in 1994, PartnerSource, Inc. is a retail insurance broker and consultant specializing in the design, implementation and ongoing support for nonsubscription programs, an alternative for Texas workers compensation, for their clients with operations in Texas. They also provide non-medical employee benefit programs. Their national and multi-national clients are generally in the retail, manufacturing, healthcare, transportation, food service and hospitality industries. Bill Minick, Russell Huber, Richard Johnson and their associates will continue as a separate operating unit under the direction of Mike Henthorn, South Central Regional Manager of Gallagher’s retail property/casualty brokerage operation.

“PartnerSource is highly regarded for their commitment to continuous quality improvement and client and market relationships,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “Their professional staff has an outstanding reputation for their nonsubscriber expertise which will be a great addition to our niche practice groups. We are pleased to welcome Bill, Russell, Richard and their 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.