Arthur J. Gallagher & Co. Acquires WDK Benefits, LLC

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE: AJG) announces the acquisition of WDK Benefits, LLC, a Connecticut-based employee benefits agency. The terms of the transaction were not disclosed. WDK Benefits specializes in health and welfare for businesses throughout New England. The acquisition aims to enhance Gallagher's capabilities in the region. J. Patrick Gallagher, Jr., Chairman, President and CEO, expressed satisfaction with the alignment of cultures and expertise, welcoming John Kaufman and his team to Gallagher.

Positive

• The acquisition of WDK Benefits, LLC is expected to enhance Arthur J. Gallagher & Co.'s employee benefits consulting and brokerage operations in New England, potentially leading to increased market share and revenue generation in the region.

Negative

• None.

ROLLING MEADOWS, Ill., Nov. 8, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Farmington, Connecticut-based WDK Benefits, LLC. Terms of the transaction were not disclosed.

WDK Benefits is an employee benefits agency specializing in health and welfare for businesses throughout New England. John Kaufman and his associates will remain in their current location under the direction of John Neumaier, head of Gallagher's East region employee benefits consulting and brokerage operations.

"WDK Benefits has a strong record of growth with a culture aligned with our own, and their employee benefits expertise will enhance our capabilities in New England," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am very pleased to welcome John 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. 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 announced the acquisition of WDK Benefits, LLC?

Arthur J. Gallagher & Co. (NYSE: AJG)

What is the specialty of WDK Benefits, LLC?

WDK Benefits specializes in health and welfare for businesses throughout New England.

Who will remain in their current location under the direction of John Neumaier?

John Kaufman and his associates will remain in their current location under the direction of John Neumaier, head of Gallagher's East region employee benefits consulting and brokerage operations.