US-based insurance brokerage Arthur J. Gallagher has acquired Equinox Agency, a Pennsylvania-based employee health and benefits consultancy.  

Financial details of the transaction have not been disclosed. 

Equinox Agency, located in Emmaus, Pennsylvania, serves the Lehigh Valley area with employee health and benefits consulting services.  

Post-acquisition, the Equinox team, led by Thomas Groves and Dan Gagnier, will continue to operate from its existing location.  

The team will report to Scott Sherman, who is responsible for overseeing Gallagher’s north-east region employee benefits consulting and brokerage operations. 

Arthur J. Gallagher chairman and CEO J. Patrick Gallagher, Jr. said: “Equinox has a strong reputation for client service and will expand our benefits consulting capabilities in the region. I am very pleased to welcome Thomas, Dan and their associates to Gallagher.” 

In March, the company agreed to acquire Woodruff Sawyer for $1.2bn. 

Woodruff Sawyer is a provider of commercial property and casualty products, employee benefits solutions and risk management services, catering primarily to middle and large market clients from its San Francisco headquarters. 

Furthermore, Arthur J. Gallagher fully acquired Philpacific Insurance Brokers & Managers, known as Philinsure, building on an initial minority investment made in 2016.  

Philinsure, which was founded in 2000, operates as a commercial insurance and reinsurance broker from its Cebu City headquarters in the Philippines, with additional offices in Manila and Davao City. 

Headquartered in Rolling Meadows, Illinois, Arthur J. Gallagher provides insurance brokerage, risk management and consulting services internationally through its network of owned offices and correspondent brokers and consultants, with operations in nearly 130 countries.