Arthur J. Gallagher & Co. Acquires Solid Benefit Guidance

ITASCA, Ill., June 5, 2015 /PRNewswire/ -- Arthur J. Gallagher & Co. AJG today announced the acquisition of Solid Benefit Guidance in Montvale, New Jersey.  Terms of the transaction were not disclosed.

Established in 2005, Solid Benefit Guidance (SBG) is an employee benefits brokerage and consulting firm which provides a full range of pharmacy benefits and employee benefits consulting services to large to mid-market employer and managed care clients throughout the United States. SBG's pharmacy practice has specific expertise in Medicare, Medicaid and exchange programs while its benefits practice has expertise in self-funded and alternative funding arrangements. William Guerci, William Resnick and their colleagues will continue to operate from their current location under the direction of David Ziegler, head of Gallagher's Eastern employee benefit consulting and brokerage operations.

"Over the last ten years, SBG has grown to be one of the largest and most highly-respected pharmaceutical benefits consulting firms in the country.  Their pharmacy and employee benefits teams are well-known for their deep understanding of the healthcare industry, extensive experience inside the nation's largest health plans and focus on high-end, quality client service," said J. Patrick Gallagher, Jr., Chairman, President and CEO.  "Their specialization will be a significant addition to Gallagher's niche practice group strategy and will be a great complement to our employee benefit consulting operations.  We are pleased to welcome all the SBG associates to our growing Gallagher family of professionals."

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 30 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants. 

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SOURCE Arthur J. Gallagher & Co.