Arthur J. Gallagher & Co. Acquires Total Safety Consulting, LLC

Rhea-AI Summary

Arthur J. Gallagher & Co. has acquired Total Safety Consulting, LLC (TSC), enhancing its risk management services through Gallagher Bassett. The acquisition includes TSC Training Academy and aims to bolster Gallagher Bassett's construction practice. TSC, founded in 1996, provides safety management and technical training across the Northeastern, Mid-Atlantic, and Southern U.S. Jim and Liz Bifulco will lead the integration within Gallagher Bassett. The financial terms of the transaction have not been disclosed, but it is expected to strengthen Gallagher's position in the safety services market.

Positive

• Acquisition of TSC enhances Gallagher Bassett's construction service offerings.
• TSC's established presence in key U.S. regions strengthens market position.
• Continued leadership from TSC founders ensures smooth integration.

Negative

• None.

ROLLING MEADOWS, Ill., May 4, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its risk management services subsidiary, Gallagher Bassett Services, Inc. (GB), has acquired Bayonne, New Jersey-based Total Safety Consulting, LLC (TSC) and its affiliates, including TSC Training Academy, LLC (TSCTA). Terms of the transaction were not disclosed.

Founded in 1996, TSC offers a full range of integral safety services to support the construction development process. TSC provides safety management, loss control engineering, as well as environmental health and safety and technical training services, to clients across the Northeastern, Mid-Atlantic and Southern United States from its offices in Bayonne; Long Island City and Bronx, New York; and Hialeah, Florida. Jim and Liz Bifulco, and their associates, will continue to operate from their current locations under the direction of Jim Bond, Executive VP - Gallagher Bassett Technical Services, as an integral part of GB's Construction Practice.

"TSC aligns with and complements Gallagher Bassett's existing construction industry offerings, and also represents a great cultural fit," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are delighted to welcome Jim and Liz 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 Total Safety Consulting (TSC)?

The acquisition enhances Gallagher Bassett's risk management services in the construction sector, expanding its service capabilities.

How does the acquisition of TSC impact Arthur J. Gallagher's market presence?

It strengthens Gallagher's foothold in the construction safety services market, particularly in the Northeastern, Mid-Atlantic, and Southern U.S.

Who will lead Total Safety Consulting after the acquisition by AJG?

Jim and Liz Bifulco will continue to lead TSC after the acquisition, ensuring continuity.

What services does Total Safety Consulting provide?

TSC provides a range of safety management, loss control engineering, and technical training services.

Did the press release mention the financial details of the acquisition?

No, the financial terms of the transaction were not disclosed in the press release.