Arthur J. Gallagher & Co. Acquires Strategic Health Plans Corporation

ITASCA, Ill., Aug. 1 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. today announced the acquisition of Strategic Health Plans Corporation of Carmel, Indiana. Terms of the transaction were not disclosed.

Established in 1995, Strategic Health Plans Corporation offers a wide range of employee benefit consultation and brokerage services which include benefit planning design, report analysis, legislative compliance assistance and employee communication strategies to their clients in the Midwest. They specialize in both self-funded and fully insured benefit plans. Dane Hudson and his associates will continue to operate at their current location under the direction of William Ziebell, North Central Regional Manager and Executive Vice President of Gallagher Benefit Services, Inc., a subsidiary of Arthur J. Gallagher & Co.

"A large part of Strategic Health Plans' successful growth is due to their team-based approach to superior client service," said J. Patrick Gallagher, Chairman, President and CEO of Arthur J. Gallagher & Co. "In addition, their depth of insurance expertise and knowledge of self-funded plans will be a wonderful complement to our Employee Benefits Brokerage Division. We are pleased to welcome Dane 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 eight 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.