Arthur J. Gallagher & Co. Acquires Cleary Benefits Group Inc.
Arthur J. Gallagher & Co. has acquired Cleary Benefits Group, a health and benefits consulting firm based in Danbury, Connecticut.
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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.
Details
News Market Reaction – AJG
The recorded move for AJG in the trading session of this news was -0.05%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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
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SOURCE Arthur J. Gallagher & Co.
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