ROLLING MEADOWS, Ill.,
Aug. 30, 2019 /PRNewswire/
-- Arthur J. Gallagher & Co. today announced the
acquisition of the University Services business of Mission Viejo, California-based benefits
broker and consultant Garnett-Powers & Associates Insurance
Services, Inc. Terms of the transaction were not disclosed.
Established in 1996, Garnett-Powers & Associates' University
Services business offers medical, dental, vision, life, AD&D
and disability insurance plans to university postdoctoral scholars
and visiting scholars. They also offer health insurance plans to
university students. Their proprietary software automates the
process, providing a customized enrollment suite, benefits
administration and file transfer services for clients and plan
participants. Steve Johnson and his
associates will continue to operate from their current location
under the direction of Norbert
Chung, head of Gallagher's Western region employee benefit
consulting and brokerage operations.
"Garnett-Powers & Associates' University Services business
adds a unique and vital link to our already strong Higher Education
practice, while also bringing a unique platform to customize the
enrollment process," said J. Patrick
Gallagher, Jr., Chairman, President and CEO. "I am very
pleased to welcome Steve and his associates 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 35 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.