Arthur J Gallagher & Company, an international insurance brokerage and risk management services firm, has acquired The Lance Group, which provides employee benefit consulting and brokerage services. Terms of the transaction were not disclosed.
According to the company, The Lance Group specialize in the public sector industry including school boards, municipalities and public authorities. Scott Lance and his 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.
Patrick Gallagher, Jr, chairman, president and CEO of Arthur J. Gallagher & Company, said: The Lance Group’s depth of public entity experience will be a wonderful complement to our company’s niche strategy. They also bring with them a teamwork philosophy and client dedication that will fit well within our employee benefit consulting and brokerage division.