Arthur J. Gallagher & Co. – AJG – Acquires Western Benefit Solutions
NYSE: AJG) announced the acquisition of Western Benefit Solutions, LLC headquartered in Boise, Idaho. Terms of the transaction were not disclosed.
Founded in 1997, Western Benefit Solutions, LLC (WBS) provides a wide range of employee benefit insurance brokerage and consultation services with a focus on group health, life, disability, retirement planning, voluntary benefits, wellness, regulatory compliance and human resource services. They specialize in offering self-funded and insured products to the public sector, mining, engineering and retail industries. Ronald Osborne and his associates will continue to operate in their current Boise and Idaho Falls, Idaho locations under the direction of Norbert Chung, Western Regional Executive Vice President of Gallagher’s employee benefit consulting and brokerage operations.
“As Idaho’s largest employee benefit and consulting firm, WBS will add significant depth to our geographic footprint and add to our client capabilities in the Western U.S.,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “Their team is highly regarded in the industry for their high level of expertise particularly in their areas of specialization. They will be a wonderful complement to our existing West Coast employee benefits operations, and we are pleased to welcome Ron and his colleagues to our growing Gallagher family of professionals.”
About Arthur J. Gallagher & Co – AJG
Arthur J. Gallagher & Co.( AJG), an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 17 countries and offers client-service capabilities in more than 110 countries around the world through a network of correspondent brokers and consultants.
AJG along with its subsidiaries, provides insurance brokerage and third-party claims settlement and administration services to entities in the United States and abroad. AJG operates in three segments: brokerage, risk management and corporate. The Brokerage segment primarily consists of retail and wholesale insurance brokerage operations. AJG’s risk management segment provides contract claim settlement and administration services. Majority of its international brokerage operations are in Australia, Bermuda, Canada and the United Kingdom. In September 2012, the Company announced the acquisition of Acumus Limited. In October 2012, it acquired Coyle Insurance Agency, Inc. and Unison, Inc. In October 2012, it acquired Park Row Associates, Inc. In October 2012, the Company acquired IBIS Advisors headquartered in Los Angeles, California. In October 2012, it acquired Aires Consulting Group, Inc. In December 2012, the Company acquired Brendis & Brendis Inc.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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