Arthur J. Gallagher & Co. today announced the acquisition of Independent Benefit Services Inc. (iBEN) located in Rockville, Maryland. Terms of the transaction were not disclosed.
Founded in 1989, iBEN provides employee benefits, human resources and retirement plan consultation and brokerage services for middle-market clients in the mid-Atlantic region.
iBEN specializes in offering tailored group benefits, retirement planning, HR consulting and executive benefits with an emphasis on planning analysis and design, cost benefit analysis, compliance, implementation, and communication and education. Neil Simons and his associates will continue to operate at their current location under the direction of David Ziegler, head of Arthur J. Gallagher & Co.’s eastern employee benefit consulting and brokerage operations.
Headquartered in Itasca, Illinois, Arthur J. Gallagher & Co. is an international insurance brokerage and risk management services firm. It has operations in 30 countries and offers client service capabilities in more than 140 countries through a network of correspondent brokers and consultants.
Topics Mergers & Acquisitions Maryland
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