ITASCA, Ill., Feb. 21, 2017 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Madison, Wisconsin-based Kelly Financial, Inc. Terms of the transaction were not disclosed.

Founded in 1957 by John M. Kelly and incorporated in 1994 by Scott Kelly, Kelly Financial offers retirement plan management, wealth management and life insurance coverages to businesses and individuals throughout the state of Wisconsin. Scott Kelly and his associates will continue to operate from their Madison location under the direction of John Neumaier, head of Gallagher's Great Lakes region employee benefits consulting and brokerage operations.

"Scott has built a phenomenal team that is highly regarded for their expertise, which strengthens and expands our retirement consulting services across the Great Lakes region and the State of Wisconsin," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are pleased to welcome Scott and his 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 33 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

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SOURCE Arthur J. Gallagher & Co.