ITASCA, Ill., Oct. 23, 2015 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Sigma II Insurance Agency in Independence, Ohio. Terms of the transaction were not disclosed.

Founded in 1988, Sigma II Insurance Agency (Sigma II) is an employee benefits consultant that offers a full range of employee benefits products and consulting services to their commercial and individual clients throughout the Midwest.  They provide group health, welfare and ancillary benefits, executive benefits and individual health insurance and specialize in the professional, manufacturing and service industries.  Sophocles Sophocleous, Joseph Hiles and their colleagues will continue to operate from their greater Cleveland location under the direction of William Ziebell, head of Gallagher's North Central employee benefit brokerage and consulting operations.

"The Sigma II team is highly regarded for their benefit expertise as well as their commitment to anticipate and provide benefit solutions that cover the special needs of each client.  They also have a sales culture that emphasizes a quality approach to client service, which matches ours," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "In addition, their Northeastern Ohio presence and solid industry relationships will be a terrific complement to our growing employee benefits brokerage and consulting operation.  We are pleased to welcome Soph, Joe and their 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 31 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.

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SOURCE Arthur J. Gallagher & Co.