ITASCA, Ill., Oct. 9 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. today announced the acquisition of Fuller & O'Brien, Inc. in Albany, New York. Terms of the transaction were not disclosed.

Founded in 1923, Fuller & O'Brien, Inc. is a retail insurance broker providing commercial property/casualty, workers compensation, surety bonding, and risk management services to their clients primarily in the Northeast. They specialize in construction and related industries such as architectural, engineering, legal and accounting firms as well as construction equipment dealers and materials suppliers. Thomas Tyrrell and his associates will continue to operate in their current location under the direction of Douglas Brown, Northeastern Regional Manager of Gallagher's retail property/casualty brokerage operation.

'Finding outstanding acquisition partners that complement and expand both our sales and service capabilities and our geographic presence continues to be one of our growth strategies,' said J. Patrick Gallagher, Jr., Chairman, President and CEO. 'With 85 years of experience, a reputation for outstanding client service and specialized business expertise, Fuller & O'Brien will be an excellent addition to our Northeastern Region. We are extremely pleased to welcome Tom and his team of associates 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 14 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.