Arthur J. Gallagher & Co. has acquired Franklin, Tennessee–based Five Points Benefits Solutions, for undisclosed amount.
Set up in 2011, Five Points serves as an employee benefits consultant and regional provider of ancillary benefits such as disability, life, dental and vision coverages.
It provides these benefits to public-sector clients in Georgia, Tennessee, and Kentucky.
The Five Points Benefits Solutions team of Marisa Combs Smith, Wes Dozier and their associates will continue to function from their present location under the direction of Jerry Roberts, who is the head of Gallagher’s Heartland Region employee benefits consulting and brokerage operations.
Arthur J. Gallagher & Co chairman, president and CEO J Patrick Gallagher said: “Five Points is a growing business with strong leadership and production talent that will expand Gallagher’s public sector benefit offerings in Tennessee and across the Heartland region. I am delighted to welcome Marisa, Wes and their associates to Gallagher.”
Based in Rolling Meadows, Illinois, Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting services firm.
It has operations in 68 countries and provide client service capabilities in over 150 countries via a network of correspondent brokers and consultants.
Earlier this month, Arthur J. Gallagher & Co. bought Chicago-based Tave Risk Management (Tave RM), the latest in the series of acquisitions made by the US-based insurance company.
The financial terms of the transaction were not disclosed.
Tave RM was founded in 2000 and operates as a retail property/casualty broker and risk advisory firm.