ITASCA, Ill., July 22, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced that it signed an agreement to acquire the assets of Baker Tilly's Employee Benefits Solutions business, which has annualized revenues of approximately $11.5 million and is located in the United Kingdom. Other terms of the transaction were not disclosed. This agreement is subject to the satisfaction of certain conditions and the transaction is expected to close in the third quarter 2014.

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 27 countries and offers client service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.

Contact: Marsha J. Akin
Director - Investor Relations
(630) 285-3501 / marsha_akin@ajg.com

SOURCE Arthur J. Gallagher & Co.