Under the agreement, Gallagher will acquire the partnership interests of BCHR Holdings, which does business as Buck, and its subsidiaries, for a gross consideration of $660 million, or approximately $585 million net of agreed seller-funded expenses and networking capital. Gallagher expects several benefits from the acquisition:

Expanding the company's value proposition within retirement, benefits and HR consulting, administration and technology.
Enhancing and deepening Gallagher's broad suite of professional services, including defined-benefits consulting; plan administration; defined contribution and executive benefit consulting; investment consulting; benefits strategy; compliance; employee engagement consulting; and total rewards optimization.
Adding "bSuite," a proprietary software platform for benefits administration and employee engagement.
Potential cross-selling opportunities across current benefits and property and casualty clients.
Combining similar sales cultures, both focused on outstanding client service, employee engagement and innovation.
Deepening the employee benefits management team.

Instant Insights /

Arthur J. Gallagher & Co. announces $660M acquisition of Buck

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