Arthur J. Gallagher acquires Wellington Associates

|About: Arthur J.Gallagher & Co. (AJG)|By:, SA News Editor

Arthur J. Gallagher (AJG -0.2%) announced the acquisition of Flowood, Mississippi-based Wellington Associates, Inc.

Terms of the transaction were not disclosed.

"We have been building a tremendous business in Mississippi and our capabilities are becoming well-recognized. Adding Wellington bolsters our already strong business and brings into our fold a competitor who we, quite frankly, have a lot of respect for," said J. Patrick Gallagher, Jr., Chairman, President and CEO.

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