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Arthur J Gallagher & Co acquires Blue Water Benefits

IBR Staff Writer Published 08 April 2011

Arthur J Gallagher & Co, an insurance brokerage and risk management services firm, has acquired South Carolina-based employee benefits consulting and administration firm Blue, Water Benefits (BWB).

BWB offers employee benefit consulting and insurance brokerage services, including life insurance and group benefits, for their middle-market clients in the Eastern US. It specialize in the design, implementation and administration of employee benefit programs.

BWB's Brandon Guest, Mark Combs and their associates will continue to operate in their current location under the direction of David Ziegler, Eastern regional executive vice president of Gallagher's employee benefit consulting and brokerage operations.

Arthur J Gallagher & Co chairman, president and CEO Patrick Gallagher said the newest acquisition partner will help increase the sales and service capabilities and expand the geographic presence in the Southeast.

"They will be a wonderful complement to our employee benefits operation, and we are very pleased to welcome Brandon, Mark and their team to our growing Gallagher family of professionals," Gallagher said.

Terms of the transaction were not disclosed.