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The transaction is predicted to shut someday in the course of the first half of 2023, topic to customary regulatory approvals, a launch mentioned.
Buck is a number one supplier of retirement, HR, and worker advantages consulting and administration providers. With a historical past courting again over 100 years, the corporate at the moment has greater than 2,300 workers, together with over 220 credentialed actuaries, and serves purchasers within the US, Canada, and the UK. According to Gallagher, the acquisition of Buck is its largest HR advantages acquisition so far.
“Providing a comprehensive suite of products and services that allows employers to attract, engage and retain talent is at the heart of Gallagher Benefit Services’ mission and our global Gallagher Better Works value proposition,” mentioned Gallagher chairman, president and CEO J. Patrick Gallagher, Jr. “Through the complementary strengths of Buck’s defined benefit offerings, investment consulting, digital employee engagement platform and international footprint, the acquisition will broaden, deepen and enhance our client offerings. I look forward to welcoming the 2,300 new colleagues joining us as part of this transaction to our growing Gallagher family of professionals.”
Last month, Gallagher introduced its acquisition of Bulen & Associates Insurance Services. Based in Murrieta, CA, Bulen & Associates is a P&C company serving people and companies in Southern California.