Arthur J. Gallagher has announced the acquisition of Minnesota-based Dicentra Pension Services. Terms of the transaction were not disclosed.
Dicentra Pension Services was founded in 2016 by Nicole Ceurvorst and Alan Pitts. It offers pension plan de-risking, actuarial consulting, administration and plan-termination services to small and mid-sized employers across the country. Ceurvorst, Pitts and their associates will be relocating to Minneapolis and will work under the direction of John Neumaier, head of Gallagher’s Great Lakes employee benefits consulting and brokerage operations.
“Dicentra brings to Gallagher significant strengths in pension consulting and administration, particularly in the highly specialized area of pension plan de-risking,” said J. Patrick Gallagher Jr., chairman, president and CEO of Gallagher.