Arthur J. Gallagher & Co. Acquires JP Warner Associates, Inc.
Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of JP Warner Associates, a Wayne, PA-based employee benefits consultant.
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Rhea-AI Summary
Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of JP Warner Associates, a Wayne, PA-based employee benefits consultant. Founded in 1997, JP Warner specializes in group benefit plans and human resource consulting for clients in the Philadelphia suburbs and Lehigh Valley. The terms of the acquisition were not disclosed. Jonathan P. Warner and his team will continue operations under Gallagher's Atlantic region management. This strategic move aims to enhance Gallagher's consulting capabilities in the Philadelphia area and expand services into the Lehigh Valley.
Positive
- Acquisition expands Gallagher's consulting capabilities in the Philadelphia metropolitan area.
- Enhances service offerings in the Lehigh Valley region.
Negative
- None.
Details
News Market Reaction – AJG
The recorded move for AJG in the trading session of this news was -0.39%.
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ROLLING MEADOWS, Ill., Nov. 30, 2020 /PRNewswire/ --Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Wayne, Pa.-based JP Warner Associates, Inc., dba Warner Benefits. Terms of the transaction were not disclosed.
Founded in 1997, JP Warner Associates is a traditional employee benefits consultant with offices in Wayne and Lehigh Valley, Pa. The team offers group benefit plan and human resource consulting services, as well as individual coverages, primarily to clients across Philadelphia suburbs and the Lehigh Valley region. Jonathan P. Warner, CEBS, and his team in Wayne will continue to operate from their current locations under the direction of Tom Belmont Jr., head of Gallagher's Atlantic region employee benefit consulting and brokerage operations.
"Jon and his team are highly respected and will add to Gallagher's deep consulting capabilities in the greater Philadelphia metropolitan area, as well as expand our services into the Lehigh Valley," said J. Patrick Gallagher, Jr., Chairman President and CEO. "We are delighted to welcome them to our growing company."
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 49 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
Investors: Ray Iardella | Media: Linda J. Collins |
VP – Investor Relations | VP – Corporate Communications |
630-285-3661/ ray_iardella@ajg.com | 630-285-4009/ linda_collins@ajg.com |
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SOURCE Arthur J. Gallagher & Co.
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