Arthur J. Gallagher & Co. said it has acquired Belmont Associates Consultants, Inc., of Rosemont, Penn.

The Itasca, Ill.-based insurance broker said terms of the deal were not released.

Founded in 1980, Belmont Associates offers a wide-range of employee benefit consultation and brokerage services that include strategic analysis, planning and design; financial services consulting; legislative compliance; and employee communications support.

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