Arthur J. Gallagher & Co. Acquires IBIS Advisors; Terms Not Disclosed
Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of IBIS Advisors headquartered in Los Angeles, California. Terms of the transaction were not disclosed.
Established in 1997, IBIS Advisors (IBIS) offers a wide range of employee benefit and compensation consulting services for their multinational clients. They operate exclusively in the international space, and along with consulting services, they specialize in information and education services, compliance manuals and compliance alerts for more than 50 countries. In addition, the firm holds affiliations with broker consultants in 90 countries that can provide in-country expertise, consulting and brokerage capabilities. Richard Polak and his associates will continue to operate from their Los Angeles and Washington, D.C. locations under the direction of James Durkin, President of Gallagher's employee benefit consulting and brokerage operations.
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