ITASCA, Ill., May 4, 2015 /PRNewswire/ — Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Burns-Fazzi, Brock & Associates headquartered in Charlotte, North Carolina. Terms of the transaction were not disclosed.

Founded in 1995, Burns-Fazzi Brock (BFB) provides compensation consulting services specifically for credit union executives throughout the United States. They also specialize in the design, implementation and administration of supplemental executive retirement plans as well as consulting services for welfare and death benefit plans. Christine Burns-Fazzi, Richard Brock, Thomas Telford and their colleagues will continue to operate from their current Charlotte and South Ogden, Utah locations under the direction of David Ziegler, head of Gallagher’s eastern employee benefit consulting and brokerage operations.

“One of the reasons our acquisition strategy is so successful is because we continue to find great businesses that fit well with our unique culture and our areas of expertise, and BFB is no exception. This firm has grown consistently over the years by providing exceptional value to its clients through its depth of expertise, strong market relationships and its focus on quality service,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “BFB’s credit union specialization will be a significant addition to Gallagher’s niche practice group strategy and will be a great complement to our compensation and benefit consulting operations. We are pleased to welcome Chris, Rich, Tom and their 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 30 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.

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SOURCE Arthur J. Gallagher & Co.