A global insurance brokerage has made two acquisitions in Australia to boost its retirement and international employee benefits consulting services.
Arthur J. Gallagher (AJG) recently snapped up Finergy Solutions and Avantek, in a move that will likely help the firm strengthen its footprint in Australia. Terms of the transactions were not disclosed.
Finergy Solutions is an employee-benefit and retirement-consultant business that offers superannuation consulting services, while Avantek is a technology-based sister firm that develops highly-customised financial and benefit reports for large groups of people.
After the deal has been completed, managing director Jamie Levitt, partner Tim Woodhouse, and their associates will continue to operate from their current locations in Brisbane, Queensland, and Sydney, New South Wales, under the direction of Leslie Lemenager, head of Gallagher’s international employee benefits consulting division.
“Finergy Solutions and Avantek will move Gallagher more prominently into the retirement services space in Australia, and their customized employee communication capabilities are a terrific complement to our offerings,” said J. Patrick Gallagher, Jr., chairman, president, and CEO. “I am very pleased to welcome Jamie, Tim, and their associates to our growing Gallagher family of professionals.”