1. Arthur J. Gallagher acquired Agilis Partners LLC. 2. Agilis specializes in investment and retirement plan consulting. 3. Transaction details were not disclosed, enhancing Gallagher's consulting capabilities. 4. Leadership continuity retained with Agilis team under Gallagher's management. 5. Expansion into Boston and Denver markets strengthens Gallagher's client services.
Acquisitions typically signal growth potential. Past acquisitions strengthened Gallagher's market position.
Acquisition directly affects Gallagher's service offerings, likely improving revenue streams.
Strategic acquisitions enhance ongoing growth and market share over time.
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.
Investors: Ray Iardella, VP - Investor Relations
Media: Paul Day, Senior Media Relations Manager
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SOURCE Arthur J. Gallagher & Co.