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Arthur J. Gallagher acquires employee benefits group


Arthur J. Gallagher & Co. said on Tuesday that it has acquired Capitol Benefits Group.

The terms of the transaction were not disclosed.

Oklahoma City-based Capitol Benefits Group is an employee benefits insurance broker that provides employee benefits insurance products and consulting services to small and middle-market businesses and individual clients in the U.S.

Charles Paine, Diane Paine and their team will continue to operate from their current location under the direction of John Neumaier, head of Gallagher’s South Central employee benefit consulting and brokerage operations, Arthur J. Gallagher said in a statement.

“Capitol’s team has the expertise, market relationships and quality service that we value in our acquisition partners,” J. Patrick Gallagher Jr., chairman, president and CEO said in the statement. “In addition, their Oklahoma presence and their team-based sales culture will be a terrific complement to our growing employee benefits brokerage and consulting operation. We are pleased to welcome Chuck, Diane and their associates to our growing Gallagher family of professionals.”

Gallagher was listed as the world’s fourth largest broker in Business Insurance’s 2015 broker directory.

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