Arthur J. Gallagher to Acquire Pa.-Based Yanni Partners

Arthur J. Gallagher & Co. has signed a definitive agreement to acquire Yanni Partners Inc. of Pittsburgh, Pa. Terms of the transaction were not disclosed. The transaction is expected to close before Jan. 31, 2008.

Founded in 1989, Yanni Partners is an institutional investment consulting firm offering performance analysis, investment strategy development, defined contribution plan investment consulting, spending policy analysis, and investment manager selection to their clients throughout the United States. Their specialization includes Taft-Hartley Plans, public funds, health care organizations, endowments/foundations, religious organizations and public corporations.

Theresa Scotti, Frank Domeisen and their staff will continue to operate at their current Pittsburgh location under the direction of Michael J. DiCenso, national practice leader of Gallagher Retirement Services, a division of Arthur J. Gallagher & Co.’s employee benefits brokerage operation.

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Ill., has operations in seven countries and does business in 120 countries around the world.

Source: Arthur J. Gallagher & Co.