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Home : About Us :
WFG Capital Advisors Announces that Arthur J. Gallagher & Co. Acquired Benefit Management Group, Inc.HARRISBURG, PA – January 18, 2006 – Benefit Management Group, Inc. of Royal Palm Beach, Florida has been acquired by Arthur J. Gallagher & Co. (NYSE: AJG). Terms of the transaction are not disclosed.
Founded in 1997, Benefit Management Group, Inc. (BMG) is a leading benefit brokerage firm offering a wide-range of employee benefit services to their clients nationwide. They specialize in strategic planning, benefit negotiations, pricing analysis, disease management, employee communications, and pharmacy management services. Ken Evelyn and his associates will continue to operate out of their current Florida and Georgia offices under the direction of David Ziegler, Eastern Regional Executive Vice President of Gallagher Benefit Services, Inc., a subsidiary of Arthur J. Gallagher & Co.
WFG Capital Advisors LP of Harrisburg, Pennsylvania served as exclusive financial advisor to Benefit Management Group, Inc.
J. Patrick Gallagher, Jr., President and CEO of Arthur J. Gallagher & Co., stated, "We are committed to finding new acquisitions that share our culture of dedicated teamwork and client-focused service, and BMG is a perfect example of this partner of choice. Their wealth of expertise and highly experienced benefits professionals will be an outstanding addition to Gallagher Benefit Services' Eastern Region. We are extremely pleased to welcome Ken and his team to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in seven countries and does business in more than 110 countries around the world through a network of correspondent brokers and consultants. Gallagher is traded on the New York Stock Exchange under the symbol AJG.
About WFG Capital Advisors LP WFG Capital Advisors, a PA-based investment banking firm specializing in the insurance industry, served as the exclusive financial advisor to Benefit Management Group, Inc. Media Contacts: Steven S.
Wevodau, Managing Principal |
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