Harris Williams Advises Buck on its Sale to Arthur J. Gallagher & Co.
April 03 2023 - 4:55PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised Buck, a portfolio
company of H.I.G. Capital (“H.I.G.”), on its sale to Arthur J.
Gallagher & Co. (NYSE: AJG; “Gallagher”). Buck is a trusted HR,
pensions, and employee benefits related consulting, administration
services, and technology firm. The transaction was led by Derek
Lewis, Bryce Walker, Maury Nolen and Michael Tuohey of the Harris
Williams Business Services Group.
“We are thrilled to have represented Buck and believe the
company is well-positioned to benefit from the growth in demand for
employee benefit solutions,” said Derek Lewis, a managing director
at Harris Williams. “Harris Williams has a track record of
representing market-leading businesses, like Buck, that provide
critical services across a diverse client base.”
“The combination of Buck and Gallagher brings together two
best-in-class businesses, with stellar reputations in the industry
and an exciting opportunity to accelerate growth across a wide
array of services,” said Bryce Walker, a director at Harris
Williams.
Buck is a trusted HR, pensions, and employee benefits related
consulting, administration services, and technology firm. Founded
more than 100 years ago as an actuarial consultancy, Buck has
evolved to serve organizations and trustees across the health,
wealth, and career spectrum. With the ultimate goal of securing the
futures of its clients’ employees and members, Buck develops
tech-enabled programs that engage individuals and drive
organizational performance. Buck’s award-winning solutions and
people-first approach empower the world’s most forward-thinking
organizations to protect the physical and financial wellbeing of
their employees and members and improve how their people work and
live.
H.I.G. is a leading global private equity and alternative assets
investment firm with $55 billion of equity capital under
management. Based in Miami, and with offices in New York, Boston,
Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the
U.S., as well as international affiliate offices in London,
Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São
Paulo, H.I.G. specializes in providing both debt and equity capital
to small and mid-sized companies, utilizing a flexible and
operationally focused / value-added approach. Since its founding in
1993, H.I.G. has invested in and managed more than 400 companies
worldwide. The firm's current portfolio includes more than 100
companies with combined sales in excess of $30 billion.
Gallagher, 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.
Harris Williams is a global investment bank specializing in
M&A advisory services. Clients worldwide rely on us to help
unlock value in their business and turn ambitious goals into
reality. We approach every engagement with boundless collaboration,
pooling expertise and relationships across industries and
geographies to uncover the unique story of each company. For over
30 years, our clients have trusted us to think strategically,
execute precisely, and deliver premium outcomes through
M&A.
The business services landscape is fast-moving, dynamic, and
diverse, and serves a rich variety of end markets. The Harris
Williams Business Services Group, led by senior professionals with
extensive industry experience, partners with investors and company
leaders worldwide to help them navigate the M&A market. We have
a longstanding track record of working with companies across
sectors within the commercial and industrial services, specialty
distribution, professional and tech-enabled services, and IT
services segments.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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For media inquiries, please contact Julia Moore at
media@harriswilliams.com.
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