Arthur J Gallagher, a US-based insurance brokerage and risk management services company, has acquired RJ Dutton of Overland Park, Kansas, a provider of employee benefit consultation and brokerage services across the country.
Financial terms of the transaction have not been disclosed.
The acquired company specializes in the medical, energy, professional sports, mining, retail and hospitality industries.
Acquisition of RJ Dutton will enable Arthur expand its portfolio to provides benefits plan design, group purchasing programs, consumer directed plans such as health savings accounts, health reimbursement arrangements and cafeteria plans, retirement plans and regulatory compliance.
Under the sale agreement, CEO of RJ Dutton Ron Dutton and his associates will continue to work from their current location, reporting to Gallagher south central regional employee benefit consulting and brokerage operations executive vice president John Neumaier.
Arthur J Gallagher chairman, president and CEO J Patrick Gallagher, Jr., said, "RJ Dutton is well-regarded in the industry for its high level of industry expertise, strong market relationships and commitment to quality client service.
"Their areas of specialization will also be a great complement to our employee benefits operation, and we are pleased to welcome Ron and his colleagues to our growing Gallagher family of professionals."
The latest purchase follows three acquisition deals that Arthur signed in September with London-based Giles Group of Companies, New York’s fine arts broker team of Jeffrey Haber and Michael Fischman, and Belmont International, an England-based risk management advisor and insurance broker.
In August, the company acquired Dickinson & Associates, an employee benefits insurance broker and consultant in Canada.