Arthur J. Gallagher & Co. Acquires Y.S. Liedman & Assoc.

May 15, 2006

Miami, Fla.-based Y.S. Liedman & Assoc. has been acquired by Arthur J. Gallagher & Co. of Itasca, Ill. Terms of the transaction were not disclosed.

Established in 1973, Y. S. Liedman & Associates offers a wide range of employee benefit consultation and brokerage services which include qualified and non-qualified retirement planning, group benefits, life insurance, and financial planning services, with their capabilities extending to both national and international clients.

Y. Stephen Liedman, Mark Levitats, Gregg Fine and their associates will operate from offices in Miami and Boca Raton under the direction of David Ziegler, Eastern Regional executive vice president of Gallagher Benefit Services Inc., a subsidiary of Arthur J. Gallagher & Co.

“For a merger partnership to work smoothly, it must first have the same cultural beliefs and goals,” J. Patrick Gallagher, Arthur J. Gallagher president and CEO, said. “This is exactly what we found in Y. S. Liedman. Not only are they a cultural match, they are also focused on strong, steady growth through a team-based approach that puts their clients first.”

Arthur J. Gallagher, an international insurance brokerage and risk management services firm headquartered in Itasca, has operations in seven countries and does business in 120 countries through a network of correspondent brokers and consultants.

Source: Arthur J. Gallagher & Co.

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