ITASCA, Ill., Feb. 14 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. today announced the acquisition of The Commonwealth Consulting Group of Jenkintown, Pennsylvania. Terms of the transaction were not disclosed.

The Commonwealth Consulting Group (CCG) was founded in 1994 and offers a complete line of employee benefit brokerage and consultative services including association benefit programs, group plans, custom communication pieces, human resource consulting services and flexible spending account administration for their clients located throughout the Northeast. Ivy Silver and her associates will continue to operate in their current location under the direction of David Ziegler, Eastern Regional Executive Vice President of Gallagher Benefit Services, Inc., a subsidiary of Arthur J. Gallagher & Co.

"We're focused on finding new partners that share our commitment of providing our clients with the best products and services in the business," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "CCG has been successful over the years because of its quality customer service and close business relationships. We look forward to working together to find new employee benefit solutions for our clients and are pleased to welcome Ivy and her team to our growing Gallagher family of professionals."

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 13 countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants. Gallagher is traded on the New York Stock Exchange under the symbol AJG.

SOURCE Arthur J. Gallagher & Co.