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Arthur J. Gallagher buys university services business of Calif. benefits broker

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Arthur J. Gallagher buys university services business of Calif. benefits broker

Arthur J. Gallagher & Co. has acquired the university services business of Garnett-Powers & Associates Insurance Services Inc., a Mission Viejo, Calif.-based benefits broker and consultant.

Financial terms of the deal were not disclosed.

Steve Johnson, vice president of Garnett-Powers & Associates' university services business, and his associates, will continue to operate from their current location under the direction of Norbert Chung, head of Arthur J. Gallagher's Western region employee benefit consulting and brokerage operations.