Printer Friendly

ARTHUR J. GALLAGHER ACQUIRES TWO INSURANCE BROKERAGE SERVICE FIRMS

 ITASCA, Ill., June 2 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced that it has acquired two insurance brokerage companies: The Great Lakes Agency, Inc., of Chicago, Ill.; and The Woodsmall Companies, Inc., of Kansas City, Mo. Terms of the transactions were not disclosed.
 The Great Lakes Agency, Inc., founded in 1947, specializes in providing property and casualty insurance as well as sensitive risk coverages such as director and officers liability insurance and professional liability coverages for medium and large size commercial clients in the Midwest. Their current staff of approximately 50 employees will continue to operate as Great Lakes Agency Incorporated out of their downtown Chicago office under the direction of Mr. Timothy Thoelecke, president.
 The Woodsmall Companies was incorporated in 1947 and is one of the largest independent insurance brokers in the Kansas City area. They provide insurance brokerage and risk management consulting as well as claims management and adjudication services to clients primarily in the Midwestern United States. The company also provides claims management services for both workers' compensation claims and employee health and related medical benefits. They bring approximately 150 sales and support employees and will operate as Gallagher Woodsmall, Inc. out of their principal facility in Kansas City under the direction of Mr. Peter Woodsmall, area president.
 Robert E. Gallagher, chairman and chief executive officer, stated, "These two exceptional operations add considerable marketing and sales expertise to our Midwestern operations, and we are extremely proud to have them as the newest additions to the Gallagher organization."
 Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Ill., and has 134 offices in three countries. Gallagher is traded on the New York Stock Exchange under the symbol AJG.
 -0- 6/2/93
 /CONTACT: Michael J. Cloherty, vice president-Finance, Arthur J. Gallagher & Co., 708-773-3800/
 (AJG)


CO: Arthur J. Gallagher & Co.; The Great Lakes Agency, Inc.;
 The Woodsmall Companies, Inc. ST: Illinois, Missouri IN: INS SU: TNM


JG-KE -- DE021 -- 4446 06/02/93 12:01 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 2, 1993
Words:336
Previous Article:SHRM ANNOUNCES DIVERSITY INITIATIVE
Next Article:NEWSLETTER ISSUES 'DEFAULT ALERT' FOR FIVE CALIFORNIA BOND ISSUES
Topics:


Related Articles
ARTHUR J. GALLAGHER & CO. ACQUIRES TWO INSURANCE BROKERAGE AND RISK MANAGEMENT SERVICE FIRMS
ARTHUR J. GALLAGHER & CO. ACQUIRES TWO EAST COAST COMPANIES
ARTHUR J. GALLAGHER & CO. ACQUIRES THE WALTER BRYCE INSURANCE AGENCY INC.
ARTHUR J. GALLAGHER & CO. ACQUIRES BHK&R, INC.
ARTHUR J. GALLAGHER & CO. ACQUIRES LAMBERSON KOSTER & COMPANY
Arthur J. Gallagher & Co. Announces Australian Acquisition
Arthur J. Gallagher & Co. Acquires Trinder & Norwood, Inc.
Arthur J. Gallagher & Co. Acquires Two Insurance Brokers.
Arthur J. Gallagher & Co. Acquires Two Insurance Brokers.
The Insurance Workshop In Miami Acquired By Arthur J. Gallagher & Co., One Of The World's Largest Insurance Brokerages.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters