Arthur J. Gallagher & Co. Acquires The VanDyke Group, Inc.
Arthur J. Gallagher & Co. announced the acquisition of The VanDyke Group, a Homer Glen, IL-based employee benefits consulting and HR solutions provider.
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Rhea-AI Summary
Arthur J. Gallagher & Co. announced the acquisition of The VanDyke Group, a Homer Glen, IL-based employee benefits consulting and HR solutions provider. The VanDyke Group has been operational since 1984, serving clients across Northern Illinois, Northern Indiana, and Southern Wisconsin. Following the acquisition, Matthew VanDyke and his team will continue to operate from their current location under Gallagher's leadership. The transaction's terms were not disclosed, but it is seen as a strategic move to enhance Gallagher's service offerings in the region.
Positive
- Strategic acquisition to enhance employee benefits consulting and HR solutions.
- Expansion of Gallagher's service capabilities in Northern Illinois, Northern Indiana, and Southern Wisconsin.
- Retention of The VanDyke Group's management team ensuring continuity.
Negative
- None.
Details
News Market Reaction – AJG
The recorded move for AJG in the trading session of this news was -1.21%.
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ROLLING MEADOWS, Ill., Oct. 27, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Homer Glen, IL-based The VanDyke Group, Inc. Terms of the transaction were not disclosed.
Founded in 1984, The VanDyke Group offers employee benefits consulting and HR solutions, as well as commercial and personal property/casualty coverages, to clients across Northern Illinois, Northern Indiana and Southern Wisconsin. Matthew VanDyke and his team will remain in their current location under the direction of Tom Lannen, head of Gallagher's Great Lakes region employee benefits consulting and brokerage operations, and Ryan Isaacs, head of Gallagher's Midwest region retail property/casualty brokerage operations.
"The VanDyke Group is a well-run, client-focused and growing benefit consultant and broker with a culture like ours," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are pleased to welcome Matt and his team to Gallagher."
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 57 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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