Illinois-based insurance brokerage and risk management services provider Arthur J. Gallagher has completed the acquisition of New Providence, New Jersey-based The Daniels Group.
Terms of the transaction were not disclosed.
Founded in 1991, The Daniels Group is a full-service employee benefits consultant and broker serving corporations, schools, hospitals, municipalities, religious and nonprofit organizations — from plan design and implementation to ongoing plan administration.
Kathleen Passantino and her associates will be relocating to Gallagher's Whippany, New Jersey office under the direction of Kent Lonsdale, head of Gallagher's Northeast employee benefit consulting and brokerage operations.
Arthur J. Gallagher & Co chairman, president and CEO J. Patrick Gallagher, Jr. said: "The Daniels Group brings us complementary strengths in several practice areas and a similar company culture.
"I am very excited to welcome Kathy and her team to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Rolling Meadows, Illinois, has operations in 34 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.