Arthur J. Gallagher & Co. Acquires Five Points Benefits Solutions, LLC

Rhea-AI Summary

Arthur J. Gallagher & Co. has acquired Five Points Benefits Solutions, enhancing its public sector benefit offerings. Founded in 2011, Five Points is a leading provider of ancillary benefits in Tennessee, Georgia, and Kentucky. The transaction's terms were not disclosed. CEO Patrick Gallagher emphasized Five Points' growth potential and strong leadership. This acquisition aims to expand Gallagher's capabilities in employee benefits consulting, particularly in the Heartland region, strengthening its market presence.

Positive

• Acquisition enhances Gallagher's public sector employee benefits offerings.
• Five Points' established presence in Tennessee, Georgia, and Kentucky provides strategic market expansion.
• Strong leadership and production talent from Five Points expected to contribute positively.

Negative

• None.

ROLLING MEADOWS, Ill., Dec. 23, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Franklin, Tennessee–based Five Points Benefits Solutions, LLC. Terms of the transaction were not disclosed.

Founded in 2011, Five Points is an employee benefits consultant and premier regional provider of ancillary benefits, such as life, disability, dental and vision coverages, to public-sector clients throughout Tennessee, as well as in Georgia and Kentucky. Marisa Combs Smith, Wes Dozier and their associates will continue to operate from their current location under the direction of Jerry Roberts, head of Gallagher's Heartland Region employee benefits consulting and brokerage operations.

"Five Points is a growing business with strong leadership and production talent that will expand Gallagher's public sector benefit offerings in Tennessee and across the Heartland region," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am delighted to welcome Marisa, Wes and their 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. The company has operations in 68 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.

FAQ

What is the purpose of Arthur J. Gallagher's acquisition of Five Points Benefits Solutions?

The acquisition aims to enhance Gallagher's public sector benefit offerings and expand its market presence in the Heartland region.

When was the acquisition of Five Points Benefits Solutions announced?

The acquisition was announced on December 23, 2021.

What services does Five Points Benefits Solutions provide?

Five Points provides ancillary benefits such as life, disability, dental, and vision coverages, primarily to public-sector clients.

How will the acquisition impact Gallagher's operations?

The acquisition is expected to strengthen Gallagher's employee benefits consulting capabilities and expand its reach in the public sector.

What regions will Gallagher's services be expanded to due to this acquisition?

Gallagher's services will expand in Tennessee, Georgia, and Kentucky due to the acquisition of Five Points.