Global insurance brokerage Arthur J. Gallagher has acquired Victoria-based consulting firm P2 Group. Terms of the transaction were not disclosed.

Established in 2003, P2 Group helps employers proactively manage occupational health and reduce the risk of worker injuries and WorkCover claims by identifying and rectifying potential problems before they result in an injury or claim.

The deal will see P2 Group’s Jim Kydas, Paul Marsh, and their associates continuing to operate from their current location under the direction of Vivienne Toll, head of Gallagher Australia's specialty workplace risk practice.

“P2 Group is a highly specialised consulting firm that expands our retail brokerage division's workplace risk practice's footprint and services into the Victorian market and offers us additional cross-selling opportunities,” said J. Patrick Gallagher, Jr., chairman, president, and CEO. “I am very pleased to welcome Jim, Paul, and their team to Gallagher.”