AJG expands Australian footprint with super buyout
The acquisition is expected to boost the firm's superannuation and employee-benefits consulting-service capabilities
AJG expands Australian footprint with super buyout
INSURANCE NEWS
By Mina Martin
06 Sep 2018

Arthur J. Gallagher (AJG) has acquired Super Advice Corporate Services and Personal Advice Services, collectively known as Super-Advice, in a move that is aimed at fortifying the global insurance broker’s presence in Australia. Terms of the transaction were not disclosed.

Established in 2002, Super-Advice offers employee-benefits consulting and corporate-advisory services with a special focus on corporate superannuation and employee-group insurance.

The transaction is set to boost AJG’s employee-benefits consulting and individual wealth-management abilities throughout Western Australia and Sydney, add substantial value to the acquirer’s already-robust inorganic portfolio, as well as add capabilities to its insurance-brokerage service portfolio, Zacks Equity Research reported.

Super-Advice will continue to operate from its current locations in Perth and Sydney after the deal has been completed, the report said.

 

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