Arthur J. Gallagher & Co. Acquires The Splinter Group, Inc.

ITASCA, Ill., March 7 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. today announced the acquisition of The Splinter Group, Inc. of Park Ridge, Illinois. Terms of the transaction were not disclosed.

Founded in 1948, The Splinter Group, Inc. is a retail insurance broker offering risk management, commercial property/casualty, employee benefits and personal lines insurance services to their clients in the Mid-West. They specialize in products and services for the construction and manufacturing industries. Craig Splinter and his associates will relocate to Gallagher's offices in Itasca, Illinois under the direction of Thomas J. Gallagher, Mid-West Regional Manager of Gallagher's Retail Property/Casualty Brokerage operations.

"What's appealing about The Splinter Group is that they've developed an experienced team focused on building solid, professional relationships and on providing high-quality client service. These are the cultural characteristics we look for in a merger partner," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their specializations will also fit perfectly into our niche strategy. We are extremely pleased to welcome Craig and his team 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 13 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.