Gallagher acquires Texas benefits firm

Itasca, Ill.-based Arthur J. Gallagher & Co. has acquired Dallas-based Wischmeyer Benefit Partners.

According to Gallagher, WBP offers a wide range of employee benefit consultation and insurance brokerage services for their corporate, executive and individual clients throughout the southern United States. The firm specializes in group medical, dental, life, disability and long term care insurance programs.

Mark Wischmeyer and his associates will continue to operate in their current location under the direction of John Neumaier, South Central Regional executive vp of Gallagher's employee benefit consulting and brokerage operations.

"We continue to look for acquisition partners that will help us expand our client capabilities and will be a good fit within our sales and service culture," said Gallagher Chairman, President and CEO J. Patrick Gallagher, Jr., in a statement announcing the acquisition. "For over 24 years, WBP's top priority has been their clients, and they have developed a team-based culture that focuses on quality service and solid relationships. They will be a great complement to our employee benefits operation, and we are pleased to welcome Mark and his team to our growing Gallagher family of professionals."

Terms of the transaction were not disclosed.