Arthur J. Gallagher & Co. (AJG) Buys Fidelity Benefits & Insurance Services

February 12, 2009 2:07 PM EST

Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Fidelity Benefits & Insurance Services in Waco, Texas. Terms of the transaction were not disclosed.

Founded in 2003, Fidelity Benefits & Insurance Services (FBIS) is an employee benefits consultant and insurance broker offering a broad range of employee benefits insurance and consulting services to their Texas clients. They specialize in group life, accident, health, dental, retirement, long and short term disability and cafeteria plans. Todd Dorton and his associates will continue to operate at their current location under the direction of John Neumaier, South Central Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operation.

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Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm.

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