Arthur J. Gallagher & Co. Completes Acquisition of Buck
Arthur J. Gallagher & Co. has successfully completed the acquisition of Buck, a leading provider of HR, pensions, and employee benefits consulting services. This strategic acquisition is expected to enhance Gallagher's capabilities in retirement and benefits consulting, leveraging Buck's expertise with a workforce of 2,300 employees operating under Gallagher's direction. Chairman Patrick Gallagher, Jr. emphasized the complementary strengths that will provide growth opportunities and increased value for clients. Gallagher operates in approximately 130 countries, underscoring its global presence in insurance brokerage and risk management.
- Enhancement of Gallagher's retirement and benefits consulting capabilities through Buck's expertise.
- Opportunity for growth with the integration of Buck's 2,300 employees into Gallagher's operations.
- None.
ROLLING MEADOWS, Ill., April 3, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced it has completed the previously disclosed acquisition of the partnership interests of BCHR Holdings, L.P., dba Buck.
Buck is a leading integrated provider of HR, pensions and employee benefits consulting, technology, and administration services throughout the US, Canada and the UK. Buck's team of 2,300 employees will operate under the direction of William F. Ziebell, head of Gallagher's employee benefits consulting and brokerage operations.
"I'm delighted to officially welcome our new Buck colleagues to the Gallagher family of professionals," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Together, our complementary strengths within retirement, benefits consulting and administration services will enhance the value we deliver to our clients, and our collective expertise will provide tremendous opportunities for growth."
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 |
View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-completes-acquisition-of-buck-301788225.html
SOURCE Arthur J. Gallagher & Co.
