Arthur J. Gallagher Acquires California Benefits Broker, Garnett-Powers & Associates

Arthur J. Gallagher & Co. has acquired the University Services business of Mission Viejo, California-based benefits broker and consultant Garnett-Powers & Associates Insurance Services Inc.

Terms of the transaction were not disclosed.

Established in 1996, Garnett-Powers & Associates’ University Services business offers medical, dental, vision, life, AD&D and disability insurance plans to university postdoctoral scholars and visiting scholars. They also offer health insurance plans to university students. Their proprietary software automates the process, providing a customized enrollment suite, benefits administration and file transfer services for clients and plan participants.

Steve Johnson and his associates will continue to operate from their current location under the direction of Norbert Chung, head of Gallagher’s Western region employee benefit consulting and brokerage operations.

Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois.

Source: Arthur J. Gallagher & Co.,

Topics California Mergers & Acquisitions Agencies A.J. Gallagher