Arthur J. Gallagher & Co. Acquires Koff & Associates, Inc.

Rhea-AI Summary

Arthur J. Gallagher & Co. has acquired Koff & Associates, a Berkeley-based provider of HR services since 1984. Although the financial terms of the transaction remain undisclosed, the acquisition aims to enhance Gallagher's existing public sector services in California. Koff & Associates specializes in HR offerings including job classification, compliance, and performance management, primarily serving government entities. The team will continue operating under Catherine Kaneko and Georg Krammer, while reporting to Scott Hamilton, global head of Gallagher's Human Resources & Compensation Consulting operations.

Positive

• Strategic acquisition expected to enhance public sector HR services in California.
• Koff & Associates' established client base in public sector agencies provides growth opportunities for Gallagher.

Negative

• None.

ROLLING MEADOWS, Ill., May 6, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Berkeley, California-based Kaneko & Krammer Corp, dba Koff & Associates, Inc. Terms of the transaction were not disclosed.

Founded in 1984, Koff & Associates offers a full spectrum of HR services, including job classification and analysis, compensation studies, compliance, organizational assessments, performance management programs and recruiting services, primarily throughout California. The team focuses on public sector agencies, including cities, counties, special districts, JPAs, educational institutions and superior courts. Catherine Kaneko, Georg Krammer and their team will continue to operate from their current location under the direction of Scott Hamilton, global head of Gallagher's Human Resources & Compensation Consulting operations.

"Koff & Associates provides key HR services to the public sector, working for state, county and municipal government entities across California. They will complement our existing strengths in that sector and offer us significant growth opportunities," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am delighted to welcome Katie, Georg and their associates to our growing, global team."

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 56 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 significance of Arthur J. Gallagher's acquisition of Koff & Associates?

The acquisition aims to strengthen Gallagher's public sector HR services in California and create growth opportunities.

When was the acquisition of Koff & Associates by Arthur J. Gallagher announced?

The acquisition was announced on May 6, 2021.

What services does Koff & Associates provide?

Koff & Associates offers HR services, including job classification, compliance, compensation studies, and performance management.

Who will lead Koff & Associates after the acquisition by Arthur J. Gallagher?

Catherine Kaneko and Georg Krammer will continue to operate Koff & Associates under the direction of Scott Hamilton.

What is Arthur J. Gallagher's stock symbol?

Arthur J. Gallagher's stock symbol is AJG.