Arthur J. Gallagher & Co. Acquires First Capital Financial Services

Rhea-AI Summary

Arthur J. Gallagher & Co has announced the acquisition of First Capital Financial Services and its affiliate First Capital Wealth Management in New Zealand. The acquired company operates from Christchurch and Auckland, offering wealth management, risk management, and employee benefits services to corporate clients and individuals.

Hugh Percy and the First Capital team will join Gallagher's operations, working under Graham Campbell, who heads the company's employee benefits and HR consulting operations in Australia and New Zealand. The financial terms of the deal were not disclosed.

Gallagher's Chairman and CEO, J. Patrick Gallagher, Jr., highlighted First Capital's client-focused culture as aligned with their own, viewing this acquisition as an opportunity to expand their benefits consulting capabilities in the region. Gallagher, headquartered in Rolling Meadows, Illinois, currently provides insurance brokerage, risk management, and consulting services across approximately 130 countries through owned operations and correspondent networks.

Positive

• Strategic expansion into New Zealand market through acquisition of First Capital Financial Services
• Broadens service portfolio with wealth management and employee benefits capabilities in Asia-Pacific region
• Acquisition adds two key office locations in Christchurch and Auckland
• Strengthens global presence, now operating in approximately 130 countries

Negative

• Financial terms of acquisition not disclosed, limiting assessment of deal value and impact
• Integration costs and potential operational challenges in new market not addressed

ROLLING MEADOWS, Ill., April 30, 2025 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of New Zealand-based First Capital Financial Services (First Capital) and its affiliate First Capital Wealth Management. Terms of the transaction were not disclosed.

First Capital is a financial advisory firm providing wealth management, risk management and employee benefits services to corporate clients and individuals throughout New Zealand from offices in Christchurch and Auckland. Hugh Percy and the First Capital team will operate under the direction of Graham Campbell, head of Gallagher's employee benefits and HR consulting operations in Australia and New Zealand.

"First Capital has a client-focused culture like our own and offers an excellent opportunity to expand our benefits consulting capabilities in the region," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome Hugh and his associates to our growing, global team."

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, Senior Media Relations 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-first-capital-financial-services-302442636.html

SOURCE Arthur J. Gallagher & Co.

FAQ

What company did Arthur J Gallagher (AJG) acquire in New Zealand in 2025?

Arthur J Gallagher acquired First Capital Financial Services and its affiliate First Capital Wealth Management, based in New Zealand, with offices in Christchurch and Auckland.

What services does First Capital provide to AJG's portfolio in New Zealand?

First Capital provides wealth management, risk management, and employee benefits services to corporate clients and individuals throughout New Zealand.

Who will lead First Capital's operations after AJG's acquisition?

Hugh Percy and the First Capital team will operate under Graham Campbell, who heads Gallagher's employee benefits and HR consulting operations in Australia and New Zealand.

How many countries does AJG operate in after the First Capital acquisition?

Arthur J Gallagher provides insurance brokerage, risk management and consulting services in approximately 130 countries through owned operations and correspondent networks.

What is the strategic benefit of AJG's First Capital acquisition?

The acquisition expands AJG's benefits consulting capabilities in the Australia-New Zealand region while adding a company with a similar client-focused culture.