Arthur J. Gallagher (AJG) Acquires Ohio-Based Grossman & Associates

June 6, 2012 4:16 PM EDT
Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Grossman & Associates, Inc. in Beachwood, Ohio. Terms of the transaction were not disclosed.

Founded in 1980, Grossman & Associates, Inc. is an employee benefits broker and consultant that offers group health, welfare and wellness plans for their clients primarily in Ohio. They specialize in educational institutions and consortia, public entities, non-profit organizations and professional service firms. Ned Grossman and his colleagues will continue to operate in their current location under the direction of William Ziebell, North Central Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.

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