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Arthur J. Gallagher & Co. acquires Illinois-based ProSource Financial

IBR Staff Writer Published 09 February 2012

Arthur J. Gallagher & Co. has acquired Illinois-based ProSource Financial as part of its merger strategy.

As part of the transaction, Leo Shapiro and his associates will continue to operate under the direction of William Ziebell North Central regional executive vice president of Gallagher's employee benefit consulting and brokerage operations at their current location.

Further details regarding the transaction remain undisclosed.

ProSource Financial was established in the 1986 and offers a range of group employee benefit products and consulting services to their clients across Midwestern US.

The firm also specializes in group medical, disability, dental and voluntary products to the medical, food service, education and business service industries.

Illinois headquartered Arthur J. Gallagher & Co is an international insurance brokerage and risk management services firm with operations in 17 countries and offers client-service capabilities in more than 110 countries around the world through a network of correspondent brokers and consultants.