Arthur J. Gallagher & Co. Acquires Hill, Chesson & Woody
PR Newswire 13-Jan-2017 3:53 PM
ITASCA, Ill., Jan. 13, 2017 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Hill, Chesson & Woody, headquartered in Durham, North Carolina. Terms of the transaction were not disclosed.
Founded in 2000, Hill, Chesson & Woody (HCW) is a full-service employee benefits consulting firm serving commercial clients throughout the Southeast. HCW assists clients in aligning their benefit programs with their overall corporate objectives, and offers brokerage, health management, compliance, underwriting and administrative services to implement and manage those programs. Todd Yates, Skip Woody and their team will continue to operate from their Durham location under the direction of John Tournet, head of Gallagher's Southeast employee benefit consulting and brokerage operations.
"HCW's team is well-respected for their benefits consulting expertise and their ability to anticipate and provide benefit solutions for their clients' evolving business needs. Not only do they have a sales culture that matches ours, their team is also focused on high-quality customer outcomes," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "In addition, their North Carolina presence and solid industry relationships will be terrific complements to our expanding employee benefits consulting and brokerage operation. We are pleased to welcome Todd, Skip and their associates to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 33 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
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SOURCE Arthur J. Gallagher & Co.