Arthur J. Gallagher & Co. Acquires The Mund Group, Ltd.

Arthur J. Gallagher & Co. has announced the acquisition of New Braunfels, Texas-based Mund Group, Ltd. Terms of the transaction were not disclosed.

The Mund Group is an employee benefits agency that provides benefits consulting and health and welfare program solutions to businesses in Texas. Jeff Mund, Brandon Mund, Kristopher Mund and their team will remain in their current location under the direction of Leah Vetter, head of Gallagher's Central region employee benefits consulting operations.

"The Mund Group has a long-standing reputation in their community and will expand our employee benefits capabilities in Texas," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Jeff, Brandon, Kristopher and their associates to Gallagher."

Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.