American insurance brokerage firm Arthur J. Gallagher has acquired Illinois-based Affiliated Benefit Consultants, continuing its recent buying spree.
The financial details of the transaction were not disclosed.
Affiliated Benefit Consultants was founded in 1986. It offers benefits consulting services to its clients across the US.
The current team including John Araujo will continue to operate from their current location being led by Tom Lannen, head of Gallagher’s Great Lakes region employee benefits consulting and brokerage operations.
Arthur J. Gallagher chairman, president and CEO J. Patrick Gallagher, Jr. said: “Affiliated Benefit Consultants is a growth-oriented benefit consultant with a great reputation and a strong culture that is closely aligned with our own.
“I am delighted to welcome John and his associates to our growing, global team.”
Based in Illinois, Arthur J. Gallagher offers insurance brokerage and risk management services. It has operations in 49 countries and utilises a network of brokers and consultants to offer client service capabilities in more than 150 countries.
The company also acquired a minority stake in Malaysia-based SP&G Insurance Brokers in the same month.
In December last year, it signed an agreement to acquire the remaining 80% ownership stake in London-based Capsicum Re.