NU Online News Service, Aug. 3, 3:48 p.m. EDT

Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it has acquired Benefits Unlimited Inc. in Houston.

Financial terms of the transaction were not released.

Established in 1994, Benefits Unlimited offers employee benefits consulting and brokerage services for its Texas clients. It specializes in group health and welfare, executive benefits, flex/COBRA and retirement plans with an emphasis on planning, design, implementation, cost containment and plan administration for group businesses.

Patti Tuma, the principal, and her associates, approximately 15 people, will continue to operate in their current location under the direction of John Neumaier, South Central regional executive vice president of Gallagher's employee benefit consulting and brokerage operations.

NOT FOR REPRINT

© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.