Arthur J. Gallagher & Co. has announced that it has acquired the partnership interests of BCHR Holdings, which does business as Buck. Valued at $660 million, it is the firm’s largest HR benefits acquisition to date.
Buck is a provider of human resources, pensions and employee benefits consulting, technology, and administration services throughout the US, Canada and the UK.
Buck’s team of 2,300 employees will now operate under the direction of William F. Siebell, head of Gallagher’s employee benefits consulting and brokerage operations.
“I’m delighted to officially welcome our new Buck colleagues to the Gallagher family of professionals,” said J. Patrick Gallagher Jr., chairman, president and CEO of Gallagher. “Together, our complementary strengths within retirement, benefits consulting and administration services will enhance the value we deliver to our clients, and our collective expertise will provide tremendous opportunities for growth.”
Buck is the latest addition to Gallagher. Last month, the company acquired Arizona-based Viking Bond Service and Indiana-headquartered Stewart, Brimner, Peters & Company.
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