Arthur J. Gallagher & Co. Acquires Hagan Newkirk Financial Services

ITASCA, Ill., May 2, 2016 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Hagan Newkirk Financial Services in Little Rock, Arkansas.  Terms of the transaction were not disclosed.

With operations dating back to the 1960s, Hagan Newkirk Financial Services (Hagan Newkirk) is a retail insurance broker offering employee benefit consultation and insurance brokerage services for clients throughout the southern and central United States.  They provide benefit coverages to a wide range of commercial clients and also specialize in customized solutions for hospitals and other healthcare providers. Merlin Hagan, Chris Newkirk and their associates will continue to operate in their current location under the direction of John Neumaier, head of Gallagher's South Central employee benefit consulting and brokerage operations.

"Hagan Newkirk is another fine example of how our merger strategy is designed to add depth to our geographic presence and our client capabilities," said J. Patrick Gallagher, Jr., Chairman, President and CEO.  "Over the years, their team has developed a reputation for outstanding healthcare expertise and quality client service which will be wonderful complements to our employee benefits operations in Little Rock.  We are pleased to welcome Merlin, Chris and their 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 31 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

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SOURCE Arthur J. Gallagher & Co.