Arthur J. Gallagher & Co. has acquired Redington Ltd, an investment consulting firm in London.
Redington specialises in providing a range of investment consulting, research, and technology solutions, primarily catering to pension funds, wealth managers, and institutional investors across the UK.
Following the acquisition, Redington’s team, led by chief executive Sylvia Pozezanac (pictured), will maintain its existing operations, reporting to David Piltz, who heads employee benefits and HR consulting at Gallagher UK.
The British swoop, financial terms of which were not disclosed, coincides with Gallagher’s purchase of Via Financial Group in Sydney, Australia.
Read more: Arthur J. Gallagher announces Australian acquisition
J. Patrick Gallagher, Jr., chair and CEO at Gallagher, noted: “As a leader in the investment consulting space, Redington brings exceptional talent and represents a fantastic cultural fit. Their deep capabilities in modelling and investment market research will enhance our existing consulting services and help our clients achieve superior financial security outcomes.
“I am excited to welcome Sylvia and her associates to our growing Gallagher family of professionals.”
Read more: Gallagher reports revenue growth in Q3 for key segments
The deals come on the heels of Gallagher’s release of its earnings report for the third quarter of 2024, a period marked by “excellent financial performance,” according to J. Patrick Gallagher, Jr.
The chief executive recently declared: “For our combined brokerage and risk management segments, total revenues increased 13%, organic revenues increased 6%, we completed four new mergers, grew net earnings 12%, delivered 123 basis points of adjusted EBITDAC margin expansion, and most importantly, our bedrock culture is thriving.”
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