Arthur J. Gallagher & Co. brokerage said it has acquired Elite Benefits Insurance Marketing Services Inc. of Irvine, Calif. The transaction's financial terms were not released.
AJG said Elite Benefits Insurance Marketing Services Inc. was founded in 1987 and offers a range of employee benefit consulting and brokerage services including strategic analysis, plan design, legislative compliance, human resource services and employee communications support.
Elite also provides specialized services in 401K retirement plans and workers' compensation.
John Young and his staff will continue to operate at their current location under the direction of Norbert Chung, Western regional executive vice president of Gallagher Benefit Services Inc., a subsidiary of the Itasca, Ill.-based insurance brokerage firm.
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