Arthur J. Gallagher & Co. Acquires Grossman & Associates

Arthur J. Gallagher & Co. has acquired Grossman & Associates Inc. in Beachwood, Ohio. Terms of the transaction were not disclosed.

Founded in 1980, Grossman & Associates is an employee benefits broker and consultant that offers group health, welfare and wellness plans for their clients primarily in Ohio. The firm specializes in educational institutions and consortia, public entities, non-profit organizations and professional service firms.

Ned Grossman and his colleagues will continue to operate in their current location under the direction of William Ziebell, north central regional executive vice president of Gallagher’s employee benefit consulting and brokerage operations.

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Ill.