NU Online News Service, July 30, 12:25 p.m. EDT
Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said today that it has acquired the remaining 60 percent equity interest in Specialised Broking Associates (SBA) Pty Ltd, headquartered in Perth, Australia. Financial terms of the transaction were not released.
AJG acquired a 40 percent equity interest in SBA in 2008 with the option to increase its ownership to 100 percent.
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