Printer Friendly

ARTHUR J. GALLAGHER & CO. ACQUIRES TWO EAST COAST COMPANIES

 ITASCA, Ill., Sept. 16 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced that it has acquired two Eastern companies: Welling Associates, Inc., of Yonkers, N.Y., an employee benefits consulting company; and Stark, Johnson & Stinson, Inc., of Worcester, Mass., an insurance brokerage company. Terms of the transactions were not disclosed.
 Welling Associates, Inc., founded in 1978, specializes in retirement programs and related deferred compensation plans for not-for-profit organizations. Its current staff will operate as Gallagher Benefit Services of New York, Inc. under the direction of Mr. Thomas J. Welling, area president.
 Stark, Johnson & Stinson, Inc. had its foundation in 1919 and was incorporated in 1926. It provides property casualty insurance and risk management programs for hospitals, physicians and law firms with special expertise in medical malpractice coverage for health care providers. It will operate as a division of Arthur J. Gallagher & Co. of Massachusetts, Inc. out of their principal facility in Worcester, Mass., under the direction of Mr. John J. Hayden, area vice president.
 Robert E. Gallagher, chairman and chief executive officer, stated, "These acquisitions are a continuing part of the company's strategy to enhance our employee benefits and property casualty operations. They add considerable expertise to our Eastern operations, nd 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, and has 134 offices in three countries. Gallagher is traded on the New York Stock Exchange under the symbol AJG.
 -0- 9/16/93
 /CONTACT: Michael J. Cloherty, vice president-Finance, of Arthur J. Gallagher & Co., 708-773-3800/
 (AJG)


CO: Arthur J. Gallagher & Co.; Welling Associates, Inc.;
 Stark, Johnson & Stinson, Inc. ST: Illinois, New York, Massachusetts IN: INS SU: TNM


KE-SM -- DE024 -- 2751 09/16/93 14:37 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:Sep 16, 1993
Words:301
Previous Article:ARTHUR J. GALLAGHER & CO. ANNOUNCES
Next Article:NATIONALLY KNOWN PARK WEST GALLERY TO HOST PUBLIC AUCTION OF FINE ART IN SCOTTSDALE, ARIZ.
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters