Itasca, Ill.-based insurance broker Arthur J. Gallagher &Co. said it acquired William H. Connolly & Co. of Montclair,N.J. Terms of the deal were not released.

Incorporated in 1950, William H. Connolly & Co. is a retailinsurance broker offering commercial and personal insuranceproducts and services, as well as employee benefit packages andindividual and group life and health coverage, to its clientslocated throughout the Northeast. They specialize in programs forhealthcare providers, metalworkers, universities, not-for-profitorganizations and law firms.

Gallagher said William H. Connolly Jr., chairman and chiefexecutive officer of the firm, and his staff of more than 50 willcontinue to operate from their Montclair location under thedirection of Douglas B. Brown, vice president and northeastregional manager of Gallagher's brokerage servicesdivision--retail.

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