Arthur J. Gallagher & Co. Acquires Gale Smith & Company, Inc.

ITASCA, Ill., July 23 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co.
today announced the acquisition of Gale Smith & Company, Inc. of Brentwood,
Tennessee. Terms of the transaction were not disclosed.
Established in 1868, Gale Smith & Company is a retail insurance broker
offering risk management, commercial property/casualty and accident/health
insurance services to their clients throughout the central and mid-southern
United States. They specialize in the construction, transportation,
religious, and not-for-profit industries with a focus on larger accounts.
Clyde Redford, Marshall Brown, Bill Carpenter, Christie Reeves and their
associates will continue to operate in their Brentwood location under the
direction of Mitchel Brashier, Southeastern Regional Manager of Gallagher's
retail property/casualty brokerage operation.
"Gale Smith & Company has developed an outstanding reputation for superior
service, and they have grown successfully over the last 140 years through
their extraordinary commitment to their clients," said J. Patrick Gallagher,
Jr., Chairman, President and CEO. "Their strong sales culture and their solid
growth record are two of the major characteristics we look for in an
acquisition partner, and they will be an excellent addition to our retail
brokerage operation. We welcome Clyde, Marshall, Bill, Christie and their
team 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 14 countries and does business in more than 100 countries around the world
through a network of correspondent brokers and consultants. Gallagher is
traded on the New York Stock Exchange under the symbol AJG.
SOURCE Arthur J. Gallagher & Co.

Marsha J. Akin, Investor Relations of Arthur J. Gallagher & Co.,
+1-630-773-3800