Arthur J. Gallagher Acquires University Services Business of Garnett-Powers

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

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.

Terms of the deal were not disclosed.

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.

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

Topics Mergers & Acquisitions A.J. Gallagher Education Universities