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Arthur J. Gallagher & Co. Acquires Agilis Partners LLC

1. Arthur J. Gallagher acquired Agilis Partners LLC for undisclosed terms. 2. Agilis provides investment and retirement consulting to institutional clients. 3. Gallagher aims to enhance retirement plan capabilities with this acquisition. 4. Current Agilis team stays in location under Gallagher's leadership.

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$327.5502/19 03:50 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition could enhance AJG's service offerings and competitiveness, akin to past successful acquisitions boosting stock prices.

How important is it?

The addition of Agilis enhances AJG's market position, indicating potential for long-term growth and profitability.

Why Long Term?

Strengthened services from Agilis may yield gradual growth and stability in revenue, similar to previous acquisitions that took time to manifest benefits.

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AJGAONMARWLTW
, /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Waltham, Massachusetts-based Agilis Partners LLC (Agilis). Terms of the transaction were not disclosed. Agilis is an investment and retirement plan consulting firm that offers its institutional clients tailored risk management services with offices in greater Boston, New York and Denver. Tom Cassara and his team will remain in their current locations under the direction of Jeff Leonard, Gallagher's Global Financial & Retirement Services Business leader. "Agilis's strong record of growth, client-focused culture and consultative approach to solving problems will enhance our retirement plan and investment consulting capabilities," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome Tom and his 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. SOURCE Arthur J. Gallagher & Co. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

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