21 July 2014USA analysis

Arthur J. Gallagher acquires Foundation Strategies

Arthur J. Gallagher & Co. has announced the acquisition of Foundation Strategies, Inc. in Katy, Texas; the terms of the transaction have not yet been disclosed.

Founded in 1996, Foundation Strategies, Inc. (FSI) is an employee benefits broker and consultant that offers a wide range of group employee benefit products and consulting services for their primarily mid-to-large clients in the south central United States. They specialize in the strategic development, design and implementation of employee benefit plans as well as communication, enrolment and insurance management services.  Shelly Coonrod, Charles Coonrod and their colleagues will continue to operate in their current location under the direction of John Neumaier, leader of Gallagher's south central employee benefits consulting and brokerage operations.

"For nearly 20 years, FSI's team of experts have been providing effective benefit strategies that support and service the overall benefit goals of their clients," says J. Patrick Gallagher, Jr., chairman, president and CEO.  "Their client-focused sales culture, extensive expertise and Houston-area presence will be a terrific complement to our employee benefits south central operations.  We are pleased to welcome Shelly, Chic 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 27 countries and offers client service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.