Arthur J. Gallagher makes acquisition

ITASCA - Arthur J. Gallagher & Co. announced the acquisition of PartnerSource Inc. in Dallas. Terms of the transaction were not disclosed. Organized in 1994, PartnerSource is a retail insurance broker and consultant specializing in the design, implementation and ongoing support for non-subscription programs, an alternative for Texas workers' compensation, for their clients with operations in Texas. The company also provides nonmedical employee benefit programs. National and multinational clients are generally in the retail, manufacturing, health care, transportation, food service and hospitality industries. Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca.