Gallagher further expands in Connecticut

Gallagher further expands in Connecticut | Insurance Business America

Benefits

Gallagher further expands in Connecticut

It marks the third M&A deal this month

Benefits

By
Kenneth Araullo

Arthur J Gallagher & Co has announced the acquisition of Cleary Benefits Group Inc, based in Danbury, Conn. Terms of the transaction were not disclosed.

Cleary Benefits Group is a health and benefits consulting firm serving primarily mid-size to large commercial clients. Brian Cleary, Heather Katz, and their team will remain in their current location under the direction of Scott Sherman, head of Gallagher’s Northeast region employee benefits consulting and brokerage operations.

“Cleary Benefits Group has a strong industry reputation and will further enhance our benefits consulting capabilities in the region,” said J. Patrick Gallagher Jr, chairman and CEO of Gallagher. “I am very pleased to welcome Brian, Heather, and their associates to Gallagher.”

Other acquisitions for Gallagher

Earlier this month, Arthur J. Gallagher & Co also expanded its footprint with two acquisitions: Cornerstone Commercial & Personal Insurance Services in Rancho Cucamonga, Calif., and Zayla Partners in Katy, Texas. Financial terms for the transactions were not disclosed.

Cornerstone, a retail insurance agency, serves commercial and personal clients in San Bernardino and Riverside counties, focusing on commercial real estate, construction, and homeowners associations.

Phil Hakopian, Allison Hakopian, and their team will continue operations from their current location under Scott Firestone, who oversees Gallagher’s Southwest region retail property/casualty brokerage operations.

Zayla Partners, on the other hand, is an executive compensation strategy firm that serves clients of various sizes across multiple industries. Chris Crawford, Ian Keas, and their team will remain in Texas and Colorado, reporting to Steve Coco, managing director of global human resources and compensation consulting for Gallagher’s employee benefits consulting and brokerage operations.

OperationsInc specializes in delivering a wide range of consulting services in human resources, payroll and HR information systems, talent acquisition, and employee training to various clients nationwide.

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