Arthur J. Gallagher Acquires Oakland’s CEM Insurance Services

January 31, 2008

Arthur J. Gallagher & Co. today announced the acquisition of Crist Elliott Machette Insurance Services, Inc. of Oakland, Calif. Terms of the transaction were not disclosed.

Incorporated in 1993, Crist Elliott Machette Insurance Services, Inc. (CEM) is a retail insurance broker offering risk management, commercial property/casualty and personal lines insurance products and services to clients throughout the United States. They specialize in the real estate and construction industries. Michael Machette and his staff will continue to operate in their current Oakland location under the direction of James McFarlane, West Coast regional manager of Gallagher’s retail brokerage services division.

“CEM’s professional staff has an excellent reputation for their dedication and teamwork approach to client service which are two major qualities we look for in a merger partner,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “Their decades of industry experience and strong sales culture will be a wonderful addition to our West Coast Region.”

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm headquartered in Itasca, Ill., has operations in thirteen countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants.

Source: Arthur J. Gallagher & Co.

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