ITASCA, Ill., May 10, 2012 /PRNewswire/ — Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of VEBA Service Group, LLC headquartered in Spokane, Washington. Terms of the transaction were not disclosed.

Formed in 1984, VEBA Service Group, LLC (VSG) is a health reimbursement arrangement (HRA) consulting firm that assists in the design and implementation of tax-advantaged health care reimbursement plans. These programs help provide prefunding of current and post-retirement out-of-pocket health care costs for their clients’ employees. They specialize in governmental, public sector, higher education, and school district clients primarily in the Northwestern United States. Mark Wilkerson and his associates will continue to operate from their current Washington locations of Spokane, Sumner, Kennewick and Vancouver under the direction of Norbert Chung, Western Region Executive Vice President of Gallagher’s employee benefit consulting and brokerage operations.

“VSG is highly regarded within the health reimbursement community for their depth of knowledge and objective advice and is also known for their high degree of quality service,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “Their specialized expertise in HRAs will add new capabilities to our employee benefits brokerage and consulting operation. We are pleased to welcome Mark and his colleagues 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 17 countries and offers client-service capabilities in more than 110 countries around the world through a network of correspondent brokers and consultants.

Contact: Marsha J. Akin
Director – Investor Relations
630-285-3501 or marsha_akin@ajg.com

SOURCE Arthur J. Gallagher & Co.