ITASCA, Ill. , Dec. 15, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of O'Gorman & Young, Incorporated, headquartered in Chatham, New Jersey , including its affiliate G. R. Murray Insurance, in Princeton, New Jersey . Terms of the transaction were not disclosed.
Founded in 1894, O'Gorman & Young (OGY) is a retail insurance broker providing commercial property/casualty, employee benefits, risk management consulting and personal lines insurance services to clients throughout the Eastern United States. They specialize in insurance services for public and private schools, contractors, municipalities, lawyers and financial and nonprofit institutions. Ernest "Jay" Lawton and his Team will continue to operate in their Chatham and Princeton locations under the direction of Douglas Brown , head of Gallagher's Eastern region retail property/casualty brokerage operation.
"With its highly-regarded depth of experience, service-based culture and niche specializations, OGY will be a great complement to our existing capabilities," said J. Patrick Gallagher, Jr. , Chairman, President and CEO. "Their New Jersey footprint and strong carrier relationships will help expand our presence on the East Coast. We are extremely pleased to welcome Jay and the OGY 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 30 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
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SOURCE Arthur J. Gallagher & Co.