Arthur J. Gallagher & Co., has acquired The Buchholz Planning Corporation, a Madison, Wisconsin, based employment benefits broker, for an undisclosed sum. The addition continues the firm’s aggressive inorganic growth strategy across the US.
The Buchholz Planning Corporation was founded in 1968 and provides a range of employee benefits and consulting services to individual, mid-market and large business clients in Wisconsin. The firm provides a range of benefit programmes, advisory and strategic planning services around benefit plans as well as Liability Coverages and Personal Insurance. The firm employs ten people, and is owned by President and CEO William Buchholz.
The acquisition will see the firm join Arthur J. Gallagher & Co., who has a wide portfolio of US insurance brokerages. The acquisition further strengthens the Gallagher’s healthcare expertise, as well as broadens its employee benefits brokerage and consulting team network in Wisconsin. Buchholz and his team come under direction from Bill Ziebell, the firm’s North Central employee benefit consulting and brokerage operations. The value of the deal has not been disclosed.
J. Patrick Gallagher, Jr. Chairman, President and CEO, states that the firm is “please” to welcome Bill and his colleagues to the firm. Gallagher adds “For over 45 years, BPC has developed an outstanding reputation for delivering creative products and high quality client service supported by its highly-skilled professionals. Their team-based approach to client service makes them a perfect cultural fit for our organisation.”
The acquisition continues the firm’s acquisition programme across the US, and globally. It most recently acquired Illinois-based insurance brokerage KRW Insurance Agency. Previously this year, among others, it picked up Ashmore & Associates, a Texas-based insurance broker, in June; both Southern California based insurer Hogan and South Eastern based retail insurance broker McNeary in May; Las Vegas based wholesale insurance broker KDC Associates in April; and Santa Monica-based insurer White and Company in February.