Gallagher makes Tennessee acquisition | Insurance coverage Enterprise America

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Gallagher takes over Tennessee | Insurance coverage Enterprise America

The deal is the most recent in a sequence of offers for the brokerage big

Mergers & Acquisitions

By Ryan Smith

Arthur J. Gallagher & Co. introduced the acquisition of Tennessee-based Bernard Advantages and Bernard Healthcare Monetary Planning, subsidiaries of Bernard Well being. The phrases of the transaction weren’t disclosed.

Bernard Advantages is a well being and worker advantages brokerage agency specializing in small group companies in Tennessee, Indiana and Texas. Bernard Healthcare Monetary Planning advises people and households on medical health insurance protection.

As a part of the acquisition, Brian Tolbert, Matt Kleymeyer and their group will stay of their present location. You’ll report back to Robby White, Head of Recommendation and Mediation for Gallagher’s Worker Advantages South Central Area.

“Bernard enhances our present worker advantages providing and is a superb match with the corporate tradition,” mentioned J. Patrick Gallagher Jr., Arthur J. Gallagher’s chairman, president and chief govt officer. “I’m delighted to welcome Brian, Matt and their workers to Gallagher.”

Bernard is the most recent in a sequence of acquisitions for Gallagher. Earlier this month, Gallagher subsidiary RPS acquired Texas-based RHP Normal Company. In April, Gallagher made its largest HR acquisition thus far with the $660 million buy of Buck.

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2023-05-31 15:27:42

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