Gallagher acquires SBA interest

Itasca-based Arthur J. Gallagher & Co. Friday announced that it acquired the remaining 60 percent equity interest in Specialized Broking Associates Pty Ltd, headquartered in Perth, Western Australia.

Terms of the transaction were not disclosed. In October 2008, Gallagher acquired a 40 percent equity interest in SBA with the option to increase its ownership.

SBA provides risk management and commercial property/casualty insurance services to its Australian and international clients.