(By Balaseshan) Arthur J. Gallagher & Co. (NYSE: AJG), which provides insurance brokerage and third-party claims settlement, said it has purchased Argus Benefits in Atlanta, Georgia for an undisclosed sum.
Argus Benefits, which was founded in 2001, offers a wide range of employee benefit consultation and insurance brokerage services for their mid-size corporate clients throughout the southern United States. They specialize in health and welfare benefit plan strategy, design, implementation, and administration.
Robert Taylor Jr. and his associates will continue to operate in their Atlanta and Jacksonville, Florida locations under the direction of David Ziegler, Eastern Region Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.
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On January 2, Arthur J. Gallagher announced the acquisition of Hardman & Howell Benefits (HHB) located in Wichita, Kansas for undisclosed terms. HHB provides a wide range of employee benefit program consulting services for their employer clients throughout the Central United States.
In addition, the company said it has bought Corporate Benefits Advisors (CBA) in Delray Beach, Florida for an undisclosed sum. CBA is an employee benefits insurance broker and consultant offering a broad range of employee benefits insurance and consulting services to their clients throughout the United States.
On December 27, Arthur J. Gallagher announced the purchase of Heiser Insurance Agency Inc. (HIA) in Morton, Illinois for undisclosed terms. HIA is a retail insurance broker providing retail property/casualty, employee benefits and risk management insurance services for their commercial clients throughout the Midwestern United States.
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In addition, the company said it has acquired The Eriksen Group Inc. in Birmingham, Michigan for an undisclosed sum. Eriksen is a retirement consulting firm that provides ongoing and project-based retirement consulting services to their clients throughout the Central United States.
On December 26, Arthur J. Gallagher said it has purchased Ahrold Fay Rosenberg (AFR) in Des Moines, Iowa for an undisclosed sum. AFR is a retail insurance broker providing retail property/casualty, employee benefits and risk management insurance services for their commercial clients throughout the Midwestern U.S.
AJG is trading down 0.45% at $35.34 on Thursday. The stock has been trading between $32.01 and $38.24 for the past 52 weeks.