Arthur J. Gallagher & Co. Acquires Cleary Benefits Group Inc.

Rhea-AI Summary

Arthur J. Gallagher & Co. has acquired Cleary Benefits Group, a health and benefits consulting firm based in Danbury, Connecticut. The financial terms of the deal were not disclosed. Cleary Benefits Group serves primarily mid-sized to large commercial clients. Brian Cleary and Heather Katz, along with their team, will continue to operate from their current location under the guidance of Scott Sherman, head of Gallagher's Northeast region employee benefits consulting and brokerage operations. This acquisition aims to enhance Gallagher's benefits consulting capabilities in the region. Arthur J. Gallagher & Co. operates in roughly 130 countries, providing insurance brokerage, risk management, and consulting services.

Positive

• The acquisition will enhance Gallagher's benefits consulting capabilities in the Northeast region.
• Cleary Benefits Group's strong industry reputation is expected to benefit Gallagher's market presence.
• Continuity is ensured with Brian Cleary, Heather Katz, and their team staying on board.

Negative

• None.

ROLLING MEADOWS, Ill., July 8, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Danbury, Connecticut-based Cleary Benefits Group Inc. Terms of the transaction were not disclosed.

Cleary Benefits Group is a health and benefits consulting firm serving primarily mid-size to large commercial clients. Brian Cleary, Heather Katz and their team will remain in their current location under the direction of Scott Sherman, head of Gallagher's Northeast region employee benefits consulting and brokerage operations.

"Cleary Benefits Group has a strong industry reputation and will further enhance our benefits consulting capabilities in the region," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome Brian, Heather and their associates to Gallagher."

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Investors: Ray Iardella, VP - Investor Relations         Media: Paul Day, Communications Manager
630-285-3661/ ray_iardella@ajg.com                        630-285-5946/ paul_day1@ajg.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-cleary-benefits-group-inc-302189139.html

SOURCE Arthur J. Gallagher & Co.

FAQ

What is the purpose of Arthur J. Gallagher & Co.'s acquisition of Cleary Benefits Group?

The acquisition aims to enhance Gallagher's benefits consulting capabilities in the Northeast region.

When did Arthur J. Gallagher & Co. acquire Cleary Benefits Group?

The acquisition was announced on July 8, 2024.

Who will lead Cleary Benefits Group after its acquisition by Gallagher?

Brian Cleary and Heather Katz will continue to lead their team under the direction of Scott Sherman, head of Gallagher's Northeast region employee benefits consulting and brokerage operations.

What type of clients does Cleary Benefits Group primarily serve?

Cleary Benefits Group primarily serves mid-sized to large commercial clients.

What services does Arthur J. Gallagher & Co. provide?

Arthur J. Gallagher & Co. provides insurance brokerage, risk management, and consulting services in approximately 130 countries.