Arthur J. Gallagher & Co. Acquires The Mund Group, Ltd.

The acquired agency's team will remain at its current location under Gallagher's Central region employee benefits leadership.

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE: AJG) has acquired the Mund Group, an employee benefits agency based in New Braunfels, Texas. Financial terms were not disclosed. The agency provides benefits consulting and health and welfare program solutions to businesses in Texas.

Jeff Mund, Brandon Mund, Kristopher Mund and their team will remain at their current location under Leah Vetter, head of Gallagher's Central region employee benefits consulting operations. Gallagher expects the acquisition to expand its employee benefits capabilities in Texas.

Positive

• Minor pointMund Group acquisition adds a Texas employee benefits agency to Gallagher.
• Minor point. Forward-looking: it has not happened yet and may not happen.Texas employee benefits capabilities will expand through the acquisition, Gallagher expects.

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ROLLING MEADOWS, Ill., Oct. 21, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of New Braunfels, Texas-based Mund Group, Ltd. Terms of the transaction were not disclosed.

The Mund Group is an employee benefits agency that provides benefits consulting and health and welfare program solutions to businesses in Texas. Jeff Mund, Brandon Mund, Kristopher Mund and their team will remain in their current location under the direction of Leah Vetter, head of Gallagher's Central region employee benefits consulting operations.

"The Mund Group has a long-standing reputation in their community and will expand our employee benefits capabilities in Texas," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Jeff, Brandon, Kristopher 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.

Investor Relations: Sara Walsh, CFA	Media Relations: Paul Day
630-285-3593 / sara_walsh@ajg.com	630-285-5946 / paul_day1@ajg.com

 

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SOURCE Arthur J. Gallagher & Co.

FAQ

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

What business did Arthur J. Gallagher (AJG) acquire in Texas?

Gallagher acquired the Mund Group, an employee benefits agency based in New Braunfels, Texas. The agency provides benefits consulting and health and welfare program solutions to Texas businesses. Financial terms were not disclosed.