Arthur J. Gallagher & Co. announced its acquisition of Solid Benefit Guidance (SBG) in Montvale, New Jersey. Terms of the transaction were not disclosed.
Established in 2005, SBG is an employee benefits brokerage and consulting firm which provides pharmacy benefits and employee benefits consulting services to large to mid-market employer and managed care clients throughout the U.S.
SBG’s pharmacy practice has expertise in Medicare, Medicaid and exchange programs while its benefits practice has expertise in self-funded and alternative funding arrangements, the announcement said. William Guerci, William Resnick and their colleagues will continue to operate from their current location under the direction of David Ziegler, head of Arthur J. Gallagher’s Eastern employee benefit consulting and brokerage operations.
Arthur J. Gallagher said SBG’s specialization will be a significant addition to Arthur J. Gallagher’s niche practice group strategy and will complement the firm’s employee benefit consulting operations.
Headquartered in Itasca, Illinois, Arthur J. Gallagher & Co. is an international insurance brokerage and risk management services firm. It has operations in 30 countries and offers client service capabilities in more than 140 countries through a network of correspondent brokers and consultants.
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