Arthur J. Gallagher & Co. Acquires LDJ American Online Benefits Group, LLC

Rhea-AI Summary

Arthur J. Gallagher & Co. has acquired LDJ American Online Benefits Group, LLC (AOBG), a Texas-based company specializing in supplemental health insurance and wellness products. Founded in 2013, AOBG operates through over 2,500 independent agents nationwide. This acquisition aims to enhance Gallagher's offerings in the Affinity market, particularly for individuals lacking access to employer-sponsored benefits. The financial terms of the deal were not disclosed. The integration of AOBG is expected to leverage Gallagher’s strengths and expand its market reach.

Positive

• Acquisition enhances Gallagher's product offerings in the Affinity market.
• AOBG serves a niche market, potentially increasing Gallagher's customer base and revenue.
• Integration expected to leverage Gallagher's existing strengths, enhancing market presence.

Negative

• None.

ROLLING MEADOWS, Ill., May 28, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Addison, TX-based LDJ American Online Benefits Group, LLC (AOBG).  Terms of the transaction were not disclosed.

Founded in 2013, AOBG designs, markets and services supplemental health insurance and wellness products, including short-term medical, hospital indemnity, AD&D, vision care and a wellness program, through more than 2,500 independent agents across the U.S. Ronnie Dee Hohenberger and his associates will continue to operate from their current location under the direction of Kevin Garvin, head of Gallagher's North American Affinity operations.

"AOBG's specialized expertise and product offerings serve the needs of individuals who typically don't have access to employer group benefits, such as self-employed, retired and gig-economy workers. Their offerings complement and expand our strengths in the Affinity market," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am very pleased to welcome Dee 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. 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

 

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-ldj-american-online-benefits-group-llc-301301430.html

SOURCE Arthur J. Gallagher & Co.

FAQ

What is the significance of AJG's acquisition of LDJ American Online Benefits Group?

The acquisition enhances AJG's product offerings in the Affinity market, targeting individuals without employer-sponsored benefits.

When was the acquisition of AOBG by AJG announced?

The acquisition was announced on May 28, 2021.

What are AOBG's main services?

AOBG specializes in supplemental health insurance and wellness products, including short-term medical, hospital indemnity, and AD&D.

How many independent agents does AOBG work with?

AOBG operates through more than 2,500 independent agents across the U.S.

Will AOBG continue to operate independently after the acquisition?

Yes, AOBG will continue to operate from their current location under Gallagher's management.