Key Takeaways
- • Arthur J. Gallagher & Co. has acquired Waltham, Massachusetts-based Agilis Partners LLC, an investment and retirement plan consulting firm with offices in greater Boston, New York and Denver.
- • Agilis provided liability-driven investment, outsourced chief investment officer (OCIO) and investment advisory services to institutional clients.
- • Tom Cassara and his team will remain in their current locations and report to Jeff Leonard, Gallagher's global financial and retirement services business leader.
- • Gallagher chairman and CEO J. Patrick Gallagher Jr. said the deal will enhance the firm's retirement plan and investment consulting capabilities.
Summary
Arthur J. Gallagher & Co., the global insurance brokerage, risk management and consulting firm headquartered in Rolling Meadows, Illinois, has acquired Agilis Partners LLC, according to the primary report. Agilis is based in Waltham, Massachusetts, and operates investment and retirement plan consulting services with a focus on tailored risk management for institutional clients. The firm maintains offices in greater Boston, New York and Denver.
Agilis was a provider of liability-driven investment, outsourced chief investment officer and investment advisory services. The article does not disclose the purchase price or financial terms of the transaction.
Under the arrangement, Tom Cassara and his team will remain in their current locations. They will operate under the direction of Jeff Leonard, Gallagher's global financial and retirement services business leader.
J. Patrick Gallagher Jr., chairman and chief executive of Gallagher, said in a statement that Agilis's record of growth, client-focused culture and consultative approach would strengthen the firm's retirement plan and investment consulting capabilities. Gallagher provides services in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.
The report was published alongside a separate Chief Investment Officer item on Cerity Partners' planned merger with investment consultant Verus, reflecting continued consolidation among consulting and OCIO providers.
Agilis was a provider of liability-driven investment, outsourced chief investment officer and investment advisory services. The article does not disclose the purchase price or financial terms of the transaction.
Under the arrangement, Tom Cassara and his team will remain in their current locations. They will operate under the direction of Jeff Leonard, Gallagher's global financial and retirement services business leader.
J. Patrick Gallagher Jr., chairman and chief executive of Gallagher, said in a statement that Agilis's record of growth, client-focused culture and consultative approach would strengthen the firm's retirement plan and investment consulting capabilities. Gallagher provides services in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.
The report was published alongside a separate Chief Investment Officer item on Cerity Partners' planned merger with investment consultant Verus, reflecting continued consolidation among consulting and OCIO providers.
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