Arthur J Gallagher is at it again. Just one day removed from its acquisition of the Regency Group in the USA, now the international broking giant has announced two more significant deals – one here in the UK, and one in the US.
Just this morning it announced a deal for Argentis, based in London.
Founded in 2005, Argentis is a financial planning and employee benefits consultant that provides benefit and wealth management services to private and corporate clients. It specialises in corporate employee benefits consulting and individual wealth management services, including investment solutions, executive pensions, estate planning, insurance protection and retirement planning.
“The Argentis team has the expertise, professional partnerships and high-quality service that we value in an acquisition partner,” said J. Patrick Gallagher, Jr., chairman, president and CEO. “In addition, their strong presence in England and their team-based sales culture will be terrific complements to our growing UK employee benefits consulting operation.”
The second acquisition is in San Francisco, California, where Arthur J Gallagher has acquired Altman & Cronin Benefit Consultants (A&C).
The newly acquired firm is an actuarial employee benefits consultancy that offers retirement and administration services to middle and large institutional clients throughout the United States. It specialises in actuarial valuation and retirement plan design with a focus on the professional and service industries.
“The A&C team is highly regarded for their depth of experience as well as their commitment to anticipate and provide solutions that cover the special needs of each client. They also emphasize a quality approach to client service, which matches our culture,” said Gallagher Jr.
“In addition, their strong expertise in retirement and actuarial services, and solid industry relationships, will be terrific complements to our growing employee benefits consulting and brokerage operations.”
Terms of both transactions were not disclosed.