Arthur J. Gallagher & Company brokerage said it has acquired Benefit Management Group Inc. (BMG) of Royal Palm Beach, Fla.
Terms of the deal were not released.
Founded in 1997, BMG is a benefit brokerage firm offering a wide-range of employee benefit services to its clients nationwide. The firm of approximately 25 employees specializes in strategic planning, benefit negotiations, pricing analysis, disease management, employee communications and pharmacy management services.
Itasca, Ill.-based Gallagher said Kenneth M. Evelyn, a founder and managing partner, and his associates will continue to operate out of their current Florida and Georgia offices under the direction of David Ziegler, Eastern regional executive vice president of Gallagher Benefit Services Inc., a subsidiary of Gallagher.
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