Itasca, Ill.-based global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Advanced Benefit Advisors Inc. of Cherry Hill, N.J. Terms of the transaction were not disclosed.
Established in 2005, Advanced Benefit Advisors offers employee benefit brokerage and consulting services such as group medical, dental, life, voluntary benefits, disability, wellness and long term care insurance programs for their corporate clients throughout the United States. They specialize in providing services for the automotive, financial services and healthcare industries.
Advanced Benefit Advisors President and CEO Robert Petcove and his associates will continue to operate in their current location under the direction of David Ziegler, Eastern region executive vice president of Gallagher’s employee benefit consulting and brokerage operations.
Arthur J. Gallagher & Co. said Advanced Benefit Advisors’ specialization and geographic presence will be an excellent complement to its employee benefits operation.
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, has operations in 19 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
Arthur J. Gallagher has already acquired several agencies in 2013, including: Metzler Bros. Insurance of Kansas City, Mo.; Insurance Risk Managers of Missouri Inc. in St. Louis; Gardner & White Corp. in Indianapolis; Hardman & Howell Benefits in Wichita, Kan.; and Argus Benefits in Atlanta.
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