Arthur J. Gallagher & Co. Acquires ProSource Financial

Arthur J. Gallagher & Co. has acquired ProSource Financial LLC in Westchester, Ill. Terms of the transaction were not disclosed.

Founded in 1986, ProSource Financial LLC is an employee benefit insurance broker that offers a full range of group employee benefit products and consulting services to their clients in the midwestern United States. The firm specializes in providing group medical, disability, dental and voluntary products to the medical, food service, education and business service industries.

Leo J. Shapiro and his colleagues will continue to operate at their current location under the direction of William Ziebell, north central regional executive vice president of Gallagher’s employee benefit consulting and brokerage operations.

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Ill., has 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.

Topics Mergers & Acquisitions A.J. Gallagher Employee Benefits