Arthur J. Gallagher & Co acquires Orb Financial Services
Arthur J. Gallagher & Co. has acquired Surrey-based Orb Financial Services, adding 14 professionals to its UK-based operation. The deal continues the firm’s international inorganic acquisition drive.
Orb Financial Services was founded in Surrey in 2007. The firm provides employee benefits consultancy and brokerage services to clients and is specialised in, among others, travel and dental insurance, workplace pension schemes and auto-enrolment, group risk and healthcare coverage. The firm’s more than 180 clients are served by a team of 14, which is led by Geraint Williams.
Arthur J. Gallagher & Co. has announced that it has fully acquired Orb Financial Services, the financial conditions of the deal have not been disclosed. The team will continue to operate from its Surrey location under Williams’s leadership, and will report through Leslie Lemenage, Gallagher’s International Employee Benefit Consulting and Brokerage Operations head.
J. Patrick Gallagher, Junior, Chairman, President and CEO of Arthur J. Gallagher & Co says, "Orb's team is widely regarded for providing effective solutions and quality client service, which is what we look for in a new acquisition partner. Their solid culture, similar business model and commitment to delivering the highest professional standards will be wonderful additions to our international employee benefits operations. We are pleased to welcome Geraint and his team to our growing Gallagher family of professionals.”
The acquisition of Orb continues Gallagher’s international inorganic acquisition spree. The firm has, among many others, recently acquired US-based insurance brokerage The Buchholz Planning Corporation, KRW Insurance Agency, KDC Associates and White and Company. In New Zealand the business advisory also picked up Reid Manson.
