Arthur J Gallagher& Co, a US-based insurance brokerage and risk management services company, has reached an agreement to purchase Ottawa-based employee benefits insurance broker and consultant firm Dickinson & Associates, for an undisclosed sum.

Instituted in 1998, Dickinson & Associates provides an array of comprehensive group employee benefits products and consulting services to their business and individual customers across Canada.

The acquired enterprise specializes in offering group health and welfare, business insurance, executive programs, pension programs, and retirement and estate planning services.

Based on the terms of the transaction, David Dickinson and his team will remain doing business from their Ottawa location under the direction of William Ziebell, Gallagher Canadian employee benefit brokerage and consulting leader.

Commenting on the acquisition, Arthur J Gallagher & Co chairman, president and CEO J Patrick Gallagher, Jr., said that the acquired entity has expertise and ability to anticipate and offer benefit services for its clients’ evolving business needs.

Headquartered in Itasca, Illinois, Arthur manages operations in 20 countries and offers client-service capabilities through a network of correspondent brokers and consultants in more than 140 nations.