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February's hardly a week old, but the spate of broker acquisitions that marked January is continuing unabated.
This week, Itasca, Ill.-based Arthur J. Gallagher & Co. announced two acquisitions. One was Westchester, Ill.-based ProSource Financial, LLC. ProSource Financial is an employee benefit insurance broker specializing in providing group medical, disability, dental and voluntary products to the medical, food service, education and business service industries.
Gallagher also acquired Detlefs Johnson & Partners located in Baton Rouge, La,, this week., Detlefs Johnson & Partners offers a wide range of employee benefit consultation, human resource and insurance benefit brokerage services for their clients throughout the southern and central United States, according to Gallagher. They specialize in group health, life, disability, dental, retirement planning and human resource services.
In addition, Chicago-based Hub International Ltd. acquired the insurance brokerage assets of FAS-EBA Insurance Services late last week. The Del Mar Calif.-based employee benefits brokerage firm focused mostly on mid-sized to large employers, according to Hub.
Terms of none of the three transactions were disclosed.