Arthur J. Gallagher & Co. has announced its acquisition of John C. Breckenridge Insurance Solutions, Inc. (JCB).
The terms of the transaction were not disclosed.
Founded in 2016 and based in Sacramento, CA, JCB is a brokerage and plan management firm that specializes in student health and intercollegiate athletics insurance for higher education institutions.
Following the closure of the transaction, John Breckenridge, Lisa Breckenridge and the rest of the JCB team will remain in their current location under the leadership of Gallagher head of Affinity North America Kevin Garvin, who oversees Gallagher’s retail P&C brokerage operations.
"JCB expands our student health insurance market expertise and product offerings on the West Coast," said Gallagher chairman, president, and CEO J. Patrick Gallagher, Jr. "I am excited to welcome John, Lisa and their associates to Gallagher."
In late December, Gallagher also acquired ROC Group in Chicago. An employee communication agency founded in 1998, ROC Group specializes in human resources and enterprise change solutions. ROC Group will join Gallagher’s employee benefits consulting and brokerage operations.