US-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co (AJG) has acquired Canada-based Vital Benefits.
Terms of the deal have not been disclosed.
Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr., said: "Vital Benefits is a great example of what we look for in a merger partner. They have a sales and service culture that matches ours, and they are highly-regarded for their benefits expertise, and their ability to anticipate and provide benefit solutions for their clients’ evolving business needs.
"In addition, their Calgary presence and solid industry relationships will be a terrific complement to our growing employee benefits brokerage and consulting operation in Canada."
Established in 2006, Vital Benefits is an insurance broker and consultant, which provides employee benefits products and consulting services to corporate, professional and individual clients in Canada.
The company is also specialized in benefit and retirement programs and services such as consulting and design, implementation, education, management, and program evaluation and assessment.
Under the leadership of Gallagher’s Canadian employee benefit brokerage and consulting leader William Ziebell, Vital Benefits’ Melanie Jeannotte, Laura Barkley and their colleagues will continue to operate from their Calgary location.
With operations in around 30 countries, AJG provides client-service capabilities in about 140 countries across the globe through a network of correspondent brokers and consultants.
Image: Vital Benefits is an insurance broker that provides employee benefits products. Photo: courtesy of Stuart Miles/ FreeDigitalPhotos.net.