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Arthur J. Gallagher purchases L&R Benefits

Arthur J. Gallagher, a US-based insurance brokerage and risk management services company, has acquired L&R Benefits of Windsor, Connecticut.

Financial terms of the transaction have not been disclosed.

L&R Benefits provides employee benefit consultation, management and brokerage services for its clients’ active and retired employees throughout the Northeast.

As part of the deal, Robert Lindberg, William Lindberg and their associates will continue to operate in their current location under the direction of David Ziegler, leader of Gallagher’s eastern employee benefit consulting and brokerage operations.

Arthur J. Gallagher chairman, president and CEO Patrick Gallagher, said: "The L&R team has developed a solid reputation for their experience, industry knowledge and strong market relationships.

"Their Connecticut presence, depth of expertise and team-based client service will be a great complement to our employee benefits operation. We are pleased to welcome Bob, Bill and their colleagues to our growing Gallagher family of professionals."