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ITASCA, Ill.Arthur J. Gallagher & Co. has acquired Philadelphia-based employee benefits consultant and broker Mid America Group Inc. Terms of the transaction were not disclosed.
Established in 1970, Mid America Group offers a wide range of consulting and brokerage services including life insurance, group benefits and financial planning services.
Itasca, Ill.-based Gallagher said Mid America executives Alvin Block, Gary Block and their associates will continue to operate in their existing location under the direction of David Ziegler, eastern regional executive vp of Arthur J. Gallagher subsidiary Gallagher Benefit Services Inc.
In a statement, J. Patrick Gallagher Jr., chairman, president and chief executive officer of Arthur J. Gallagher, said the Mid America acquisition fits well with Gallagher's sales and service culture, and that Mid America's business is based on close relationships and strong service.