Arthur J. Gallagher & Co. Acquires Stellar Benefits Group, LLC

Rhea-AI Summary

Arthur J. Gallagher & Co. announced the acquisition of Stellar Benefits Group, LLC, a full-service employee benefits consulting firm based in Solon, Ohio. Founded in 2003, Stellar Benefits offers health and welfare programs to businesses of all sizes. The acquisition aims to enhance Gallagher's benefits capabilities in Northeastern Ohio. Ronald Rafal and Alan Greenberg, along with their team, will continue operations under Gallagher's Great Lakes region leadership. The transaction's terms were not disclosed, but it signifies Gallagher's commitment to expanding its client services across the region.

Positive

• Acquisition of Stellar Benefits enhances Gallagher's employee benefits capabilities.
• Stellar Benefits has a diverse client base, providing potential for revenue growth.
• Continued operations under existing management ensures stability and expertise.

Negative

• None.

ROLLING MEADOWS, Ill., June 30, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Solon, Ohio-based Stellar Benefits Group, LLC. Terms of the transaction were not disclosed.

Founded in 2003, Stellar Benefits is a full-service employee benefits consulting firm offering comprehensive health and welfare programs for businesses of all sizes, ranging from individual offices to multinational corporations. Ronald Rafal, Alan Greenberg and their associates will continue to operate from their current location under the direction of Tom Lannen, head of Gallagher's Great Lakes region employee benefit consulting and brokerage division.

"Stellar Benefits is a growing, well-run consulting firm with a diverse client base that will enhance our benefits capabilities across Northeastern Ohio," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are very pleased to welcome Ron, Alan and their associates to our growing, global company."

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 acquiring Stellar Benefits Group?

The acquisition enhances Gallagher's employee benefits capabilities and expands its client services in Northeastern Ohio.

When was the acquisition of Stellar Benefits Group announced?

The acquisition was announced on June 30, 2021.

Who are the key people involved in the Stellar Benefits Group acquisition?

Ronald Rafal and Alan Greenberg from Stellar Benefits will continue to lead their team under Gallagher's direction.

What services does Stellar Benefits Group provide?

Stellar Benefits offers comprehensive health and welfare programs for businesses of all sizes.

Is the financial term of the acquisition between Arthur J. Gallagher and Stellar Benefits Group disclosed?

No, the terms of the transaction were not disclosed.