NU Online News Service, April 10, 12:00 p.m. EDT

Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. says it has acquired Blue Water Benefits, Inc. located in Mt. Pleasant, S.C.

Financial terms of the transaction were not released.

Established in 1980, Blue Water Benefits, Inc. offers employee benefit consulting and insurance brokerage services, including life insurance and group benefits, for their middle-market clients in the Eastern United States. They specialize in the design, implementation and administration of employee benefit programs.

Brandon Guest, Mark Combs, the principals, and their associates, approximately 17 in all, will continue to operate at their current location under the direction of David Ziegler, Eastern regional executive vice president of Gallagher’s employee benefit consulting and brokerage operations.