Illinois-based global insurance broker Arthur J. Gallagher & Co. reports it has acquired Herbruck, Alder & Co., an employee benefit brokerage located in Cleveland, Ohio.
Terms of the transaction were not disclosed.
Founded in 1962, Herbruck, Alder & Co. specializes in group benefits, retirement planning, HR consulting and executive benefits for Midwest clients.
Mark Alder and his associates will continue to operate at their current location under the direction of William Ziebell, who is North Central executive vice president of Gallagher’s employee benefit consulting and brokerage operations.
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