Insurance broker Arthur J. Gallagher & Co. said it has acquired Intermountain Financial Benefits of Salt Lake City, Utah.

AJG, Itasca, Ill., did not disclose terms of the transaction.

Intermountain Financial, founded in 1995, is an employee benefits insurance broker offering a broad range of employee benefits insurance and consulting services. The firm specializes in group life, accident, health, dental, retirement, long- and short-term disability, and cafeteria plans, said AJG.

David Ayre, the Intermountain principal, and his 10 associates will continue to operate at their current location under the direction of Norbert Chung, western regional executive vice president of Gallagher Benefit Services Inc., a subsidiary of AJG.