Market Overview

Arthur J. Gallagher & Acquires Park Row Associates

Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Park Row Associates, Inc. in Providence, Rhode Island from its parent, Delta Dental of Rhode Island. Terms of the transaction were not disclosed.

Founded in 1994, Park Row Associates is an employee benefits insurance broker that offers a full range of group employee benefits products and consulting services to their clients, located primarily in the Northeastern United States. They specialize in providing group medical, disability, dental and vision, group life/disability and voluntary products to their higher education, health care, municipality and social service clients. The Park Row team will continue to operate in Providence under the direction of David Ziegler, Eastern Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.

"Park Row has an excellent reputation for their depth of expertise, industry relationships and quality client service," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Not only do they provide us with our first Rhode Island benefit operation, but their sales-focused team and solid middle market business will be a terrific complement to our employee benefits brokerage and consulting operation. We are pleased to welcome our newest associates to our growing Gallagher family of professionals."

Posted-In: News M&A

 

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