Arthur J. Gallagher & Co. Acquires Wealth Management Partners Pty Ltd

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Wealth Management Partners Pty (WMP), a Perth-based financial planning firm specializing in retirement plan risk management. The acquisition strengthens Gallagher's financial wellbeing consulting capabilities in Australia.

WMP's current team, including Steve Beattie, Troy Hartley, Janusz Mazurek, and Adrian Whitaker, will continue operating from their existing location under Graham Campbell's leadership, who heads Gallagher's employee benefits and HR consulting operations in Australia. The financial terms of the transaction were not disclosed.

Gallagher, headquartered in Rolling Meadows, Illinois, operates as a global insurance brokerage, risk management, and consulting services firm, with operations in approximately 130 countries worldwide through owned operations and correspondent networks.

Positive

• Strategic expansion of financial wellbeing consulting capabilities in Australia
• Retention of experienced WMP team maintaining operational continuity
• Geographic expansion in Western Australia market

Negative

• None.

News Market Reaction

+0.53%

1 alert

+0.53% News Effect

On the day this news was published, AJG gained 0.53%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ROLLING MEADOWS, Ill., Jan. 10, 2025 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Perth, Western Australia-based Wealth Management Partners Pty Ltd (WMP). Terms of the transaction were not disclosed.

WMP is a financial planning firm specializing in retirement plan risk management for individuals and corporate clients in Western Australia. Steve Beattie, Troy Hartley, Janusz Mazurek, Adrian Whitaker and their team will remain in their current location under the direction of Graham Campbell, head of Gallagher's employee benefits and HR consulting operations in Australia.

"WMP's client-focused approach and expertise in retirement planning will enhance our financial wellbeing consulting capabilities in Australia," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome Steve, Troy, Janusz, Adrian and their associates 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. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Investors: Ray Iardella, VP - Investor Relations	Media: Paul Day, Communications Manager
630-285-3661/ ray_iardella@ajg.com	630-285-5946/ paul_day1@ajg.com

 

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SOURCE Arthur J. Gallagher & Co.

FAQ

What company did Arthur J. Gallagher (AJG) acquire in Western Australia?

Arthur J. Gallagher acquired Wealth Management Partners Pty (WMP), a Perth-based financial planning firm specializing in retirement plan risk management.

When did AJG announce the acquisition of Wealth Management Partners?

Arthur J. Gallagher announced the acquisition of Wealth Management Partners on January 10, 2025.

Who will lead the acquired WMP team under AJG?

The WMP team will operate under the direction of Graham Campbell, head of Gallagher's employee benefits and HR consulting operations in Australia.

What services does the newly acquired WMP specialize in?

WMP specializes in retirement plan risk management for individuals and corporate clients in Western Australia.

How will the WMP acquisition benefit AJG's Australian operations?

The acquisition will enhance AJG's financial wellbeing consulting capabilities in Australia by adding WMP's expertise in retirement planning and client-focused approach.