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Arthur J. Gallagher Buys Cleary Benefits, Spurs Portfolio

Arthur J. Gallagher & Co. (NYSE: AJG) recently acquired Cleary Benefits Group Inc. The terms of the transaction have not been revealed yet. Danbury, CT-based Cleary Benefits Group was founded in 1998. It is an independent, privately owned, strategic benefits advisory company. The company provides all-inclusive health & welfare benefits consulting services and delivers senior-level expertise, entrepreneurial thinking and guaranteed performance. It primarily serves mid-size to large commercial clients. The acquisition of Cleary Benefits will further strengthen Arthur J. Gallagher's benefits consulting capabilities in the northeast region. Arthur J. Gallagher has an impressive inorganic story with buyouts in the Brokerage and Risk Management segments. This Zacks Rank #3 (Hold) insurance broker acquired 12 entities totaling $69.2 million of estimated annualized revenues in the first quarter of 2024. The company is growing through mergers and acquisitions, most of which are within its Brokerage segment. AJG has a solid merger and acquisition pipeline with about 50 term sheets either agreed upon ...