Arthur J. Gallagher & Co. Acquires Mark J. Becker & Associates, LLC

Rhea-AI Summary

Arthur J. Gallagher & Co. has acquired Mark J. Becker & Associates, an employee benefit consulting firm based in Johnston, Iowa. The acquisition aims to enhance Gallagher's consulting capabilities in Iowa and the Heartland region, aligning with their ethical focus. Mark Becker and his team will transition to Gallagher's West Des Moines office, under the leadership of Jerry Roberts. Gallagher is positioned as a global insurance brokerage with operations in 57 countries, emphasizing their commitment to expanding client service capabilities.

Positive

• Acquisition enhances consulting capabilities in Iowa and the Heartland region.
• Aligns with Gallagher's ethical focus and corporate culture.
• Mark Becker's team adds expertise in employee benefits and strategic planning.

Negative

• None.

ROLLING MEADOWS, Ill., Nov. 2, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Johnston, Iowa-based Mark J. Becker & Associates, LLC. Terms of the transaction were not disclosed.

Founded in 2011, Mark J. Becker & Associates (MJBA) is an employee benefit consulting firm with a focus on serving the public sector, social services, medical community, secondary and higher education industry, and small group businesses. The team designs and manages traditional employee benefits programs and offers strategic planning, risk analysis and funding tool management services. Mark Becker and his team will be relocating to Gallagher's West Des Moines office, under the direction of Jerry Roberts, head of Gallagher's Heartland region employee benefit consulting and brokerage operations.

"MJBA will boost our consulting capabilities and access in Iowa and the Heartland region, and their strong ethical focus is culturally aligned with our own," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am very pleased to welcome Mark 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 57 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 the acquisition of Mark J. Becker & Associates by AJG?

The acquisition aims to enhance Gallagher's consulting capabilities and expand their presence in Iowa and the Heartland region.

When was the acquisition of Mark J. Becker & Associates announced by AJG?

The acquisition was announced on November 2, 2021.

What services does Mark J. Becker & Associates provide?

MJBA specializes in employee benefits consulting for public sector, social services, and educational institutions.

Where will Mark Becker and his team be relocating after the acquisition?

They will be relocating to Gallagher's West Des Moines office.

What is Arthur J. Gallagher's stock symbol?

Arthur J. Gallagher's stock symbol is AJG.