International insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., has announced the acquisition of executive compensation and corporate governance consulting firm, James F. Reda & Associates. Terms of the transaction were not disclosed.

James Reda and his staff will continue to operate at their current location under the direction of William Ziebell, North Central Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.

Formed in 2004, James F. Reda & Associates provides executive and corporate governance compensation advisory services including the creation, planning and implementation of base and total cash compensation programs to both publicly-traded and privately-held clients throughout the United States.  They also specialize in the development of total rewards strategies, competitive market reviews, change-in-control and severance analysis, equity strategy and valuation techniques, and assessments of relative company performance.  

"Reda & Associates is highly regarded within the executive compensation arena for their depth of knowledge and proprietary research and is known for their high degree of quality service," said J. Patrick Gallagher, chairman, president and CEO. "With their specialized expertise in executive compensation and corporate governance, they will be a terrific complement to our employee benefits brokerage and consulting operation."