Arthur J. Gallagher & Co. Acquires Cincinnati Benefit Solutions, LLC

Arthur J. Gallagher (NYSE:AJG) announced the acquisition of Ohio-based Cincinnati Benefit Solutions, an employee benefits firm serving small businesses in Cincinnati and nearby areas.

Rhea-AI Summary

Arthur J. Gallagher (NYSE:AJG) announced the acquisition of Ohio-based Cincinnati Benefit Solutions, an employee benefits firm serving small businesses in Cincinnati and nearby areas. Terms were not disclosed.

The Cincinnati Benefit Solutions team, led by Drew Locaputo, will remain in place under Gallagher’s Great Lakes region leadership.

Positive

• Acquisition adds small-group employee benefits consulting capabilities in Ohio
• Retention of Cincinnati Benefit Solutions leadership and team at existing location
• Strengthens Great Lakes region employee benefits consulting and brokerage operations
• Expands Gallagher’s U.S. footprint within its global presence in ~130 countries

Negative

• None.

Argus Jun 23 session

+3.20% close to close Open Argus

Details

News Market Reaction – AJG

On Jun 23, the day this news came out, AJG closed 3.20% above the previous close.

Data tracked by StockTitan Argus for the Jun 23 session.

Key Figures

Global reach: 130 countries

Global reach

130 countries

Gallagher service footprint via owned operations and correspondents

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24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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ROLLING MEADOWS, Ill., June 23, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Ohio-based Cincinnati Benefit Solutions, LLC. Terms of the transaction were not disclosed.

Cincinnati Benefit Solutions provides employee benefits services for small businesses in Cincinnati and nearby areas. Drew Locaputo and the Cincinnati Benefit Solutions team will remain in their current location under the direction of Brian Lomas, head of Gallagher's Great Lakes region employee benefits consulting and brokerage operations.

"Cincinnati Benefit Solutions expands our small-group benefits consulting capabilities in Ohio and has a culture similar to ours," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Drew and his 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.

Investor Relations: Sara Walsh, CFA               Media Relations: Paul Day
630-285-3593 / sara_walsh@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-cincinnati-benefit-solutions-llc-302805419.html

SOURCE Arthur J. Gallagher & Co.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Arthur J. Gallagher (NYSE:AJG) announce on June 23, 2026?

Arthur J. Gallagher announced it acquired Ohio-based Cincinnati Benefit Solutions. According to Arthur J. Gallagher, the deal adds small-group employee benefits consulting capabilities in the Cincinnati area, with terms of the transaction undisclosed and the acquired team remaining in its current location.

Who is Cincinnati Benefit Solutions and what services does it provide to clients?

Cincinnati Benefit Solutions is an Ohio-based firm providing employee benefits services. According to Arthur J. Gallagher, it serves small businesses in Cincinnati and nearby areas, focusing on benefits consulting solutions tailored to smaller employers within its regional market.

How does the Cincinnati Benefit Solutions acquisition impact Arthur J. Gallagher’s benefits business?

The acquisition broadens Arthur J. Gallagher’s small-group benefits consulting capabilities in Ohio. According to Arthur J. Gallagher, Cincinnati Benefit Solutions will operate under the Great Lakes region employee benefits consulting and brokerage operations, enhancing regional scale and expertise focused on small-business clients.

What will happen to Cincinnati Benefit Solutions’ employees after the Arthur J. Gallagher acquisition?

Cincinnati Benefit Solutions’ leader, Drew Locaputo, and the team will remain in their current location. According to Arthur J. Gallagher, they will operate under Brian Lomas, who leads the company’s Great Lakes region employee benefits consulting and brokerage operations.

Who will oversee Cincinnati Benefit Solutions within Arthur J. Gallagher after the deal?

Cincinnati Benefit Solutions will report to Brian Lomas. According to Arthur J. Gallagher, Lomas heads the Great Lakes region employee benefits consulting and brokerage operations, providing regional leadership while the Cincinnati Benefit Solutions team continues operating from its existing Cincinnati-area office.

In how many countries does Arthur J. Gallagher (AJG) operate following the Cincinnati Benefit Solutions acquisition?

Arthur J. Gallagher provides services in approximately 130 countries worldwide. According to Arthur J. Gallagher, this global presence is delivered through owned operations and a network of correspondent brokers and consultants, with the Cincinnati Benefit Solutions purchase expanding its U.S. employee benefits footprint.