Arthur J. Gallagher & Co. Acquires The VanDyke Group, Inc.

Rhea-AI Summary

Arthur J. Gallagher & Co. announced the acquisition of The VanDyke Group, a Homer Glen, IL-based employee benefits consulting and HR solutions provider. The VanDyke Group has been operational since 1984, serving clients across Northern Illinois, Northern Indiana, and Southern Wisconsin. Following the acquisition, Matthew VanDyke and his team will continue to operate from their current location under Gallagher's leadership. The transaction's terms were not disclosed, but it is seen as a strategic move to enhance Gallagher's service offerings in the region.

Positive

• Strategic acquisition to enhance employee benefits consulting and HR solutions.
• Expansion of Gallagher's service capabilities in Northern Illinois, Northern Indiana, and Southern Wisconsin.
• Retention of The VanDyke Group's management team ensuring continuity.

Negative

• None.

ROLLING MEADOWS, Ill., Oct. 27, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Homer Glen, IL-based The VanDyke Group, Inc. Terms of the transaction were not disclosed.

Founded in 1984, The VanDyke Group offers employee benefits consulting and HR solutions, as well as commercial and personal property/casualty coverages, to clients across Northern Illinois, Northern Indiana and Southern Wisconsin. Matthew VanDyke and his team will remain in their current location under the direction of Tom Lannen, head of Gallagher's Great Lakes region employee benefits consulting and brokerage operations, and Ryan Isaacs, head of Gallagher's Midwest region retail property/casualty brokerage operations.

"The VanDyke Group is a well-run, client-focused and growing benefit consultant and broker with a culture like ours," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are pleased to welcome Matt 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 significance of Arthur J. Gallagher's acquisition of The VanDyke Group?

The acquisition aims to enhance Gallagher's employee benefits consulting and HR services in key Midwestern markets.

When was the acquisition of The VanDyke Group announced?

The acquisition was announced on October 27, 2021.

Who will manage The VanDyke Group after the acquisition by Gallagher?

Matthew VanDyke and his team will continue to manage The VanDyke Group under Gallagher's leadership.

Was the transaction value for The VanDyke Group acquisition disclosed?

No, the terms of the transaction were not disclosed.

How will the acquisition impact Gallagher's presence in the Midwest?

It will strengthen Gallagher's service capabilities in Northern Illinois, Northern Indiana, and Southern Wisconsin.