Arthur J. Gallagher & Co has acquired US-based broker Bernard Benefits and adviser Bernard Healthcare Financial Planning, subsidiaries of Bernard Health.
Terms of the transaction were not disclosed.
Bernard Benefits is a health and employee benefits brokerage firm with a focus on small group businesses in Tennessee, Indiana and Texas, while Bernard Healthcare Financial Planning advises individuals and families on health insurance coverage.
Brian Tolbert, Matt Kleymeyer and their team stay at their current location under the direction of Robby White, head of Gallagher’s South Central region employee benefits consulting and brokerage operations following the deal.
Patrick Gallagher, Jr., chairman, president and CEO of Gallagher, said: “Bernard complements our existing employee benefits offerings and represents an excellent cultural fit.
“I am very pleased to welcome Brian, Matt and their associates to Gallagher.”