Arthur J Gallagher & Co has acquired Sunday and Associates of Sugarland, a firm that provides employee benefits consulting and insurance brokerage services for the private and public sector marketplace in Texas, for an undisclosed amount.
The firm, which has been purchased by the US underwriter, specializes in fee-based group health and welfare services, with a prominence on platform integration of funding/budget planning, consumer-driven plan designs, managed cost containment strategies and value-based client/member services.
As per the terms and conditions of the merger agreement, Burke Sunday, Robert Treacy and their associates will remain working in their current location under the direction of John Neumaier, South Central Regional executive vice president of Gallagher's employee benefit consulting and brokerage operations.
Arthur J Gallagher & Co chairman, president and CEO J Patrick Gallagher, Jr said Sunday and Associates is highly regarded for the value they bring to their clients through their high-quality sales and service capabilities.
"In addition, their 30 years of industry experience and public entity specialization will be an excellent complement to our employee benefits niche capabilities, and we are pleased to welcome Burke, Bob and their team to our growing Gallagher family of professionals," Gallagher, Jr added.
Headquartered in Itasca, Illinois, Arthur J Gallagher & Co runs its businesses in 17 geographies and provides client service capabilities in over 110 countries globally, through a network of correspondent brokers and consultants.