Arthur J. Gallagher & Co. Acquires Via Financial Group Pty Ltd

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Via Financial Group Pty , a Sydney-based firm providing financial planning, wealth management, and life risk advisory services across multiple Australian offices. The Via Financial team, including Matthew Read, Daniel Burden, Peter Kirby, Ben Davis, Robert Wilson, and Sam Haydon, will join Gallagher's Australian operations under Graham Campbell, who heads the employee benefits and HR consulting division. The acquisition aims to complement Gallagher's existing benefits consulting operations in Australia. Financial terms were not disclosed.

Positive

• Strategic expansion of financial advisory services in Australia
• Strengthens existing benefits consulting operations
• Adds multiple office locations across Australia
• Acquires established team of financial professionals

Negative

• None.

News Market Reaction – AJG

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In the trading session that priced this news, AJG declined 1.59%, reflecting a mild negative market reaction.

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ROLLING MEADOWS, Ill., Oct. 25, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Sydney, New South Wales-based Via Financial Group Pty Ltd. Terms of the transaction were not disclosed.

Via Financial Group provides financial planning, wealth management and life risk advisory services to clients from multiple offices in Australia. Matthew Read, Daniel Burden, Peter Kirby, Ben Davis, Robert Wilson, Sam Haydon and their team will join Gallagher under Graham Campbell, head of Gallagher's employee benefits and HR consulting operations in Australia.

"Via Financial Group is a highly regarded firm whose financial advisory services complement our existing benefits consulting operations in Australia," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome the Via Financial Group team to our growing, global Gallagher family of professionals."

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, Communications Manager
630-285-3661/ ray_iardella@ajg.com	630-285-5946/ paul_day1@ajg.com

 

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SOURCE Arthur J. Gallagher & Co.

FAQ

What company did Arthur J. Gallagher (AJG) acquire in Australia?

Arthur J. Gallagher acquired Via Financial Group Pty , a Sydney-based firm providing financial planning, wealth management, and life risk advisory services.

What services does Via Financial Group provide to AJG's portfolio?

Via Financial Group provides financial planning, wealth management, and life risk advisory services from multiple offices in Australia.

Who will lead the Via Financial Group team within AJG's structure?

The Via Financial Group team will join Gallagher under Graham Campbell, who heads Gallagher's employee benefits and HR consulting operations in Australia.

What was the acquisition price for Via Financial Group by AJG?

The financial terms of the acquisition were not disclosed in the announcement.