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Arthur J Gallagher & Co acquires BeneTex Group

Arthur J Gallagher & Co, a Illinois-based insurance brokerage and risk management services firm, has acquired Texas-based employee benefit broker firm The BeneTex Group.

Established in 1992, The BeneTex Group offers a full range of group employee benefit products and consulting services.

The employee benefit broker also specialize in providing group medical, disability, dental and voluntary products to their client partners in the south central US.

Arthur J Gallagher said that the BeneTex Group’s employees Danny Bone, Jason Kloc, Jeff Kloc and their associates will continue to operate from their current location under the direction of John Neumaier, south central regional executive vice president of Gallagher’s employee benefit consulting and brokerage operations.

Arthur J Gallagher & Co chairman, president and CEO Patrick Gallagher said their geographic presence and team-work approach to client service will be a wonderful complement to the employee benefit brokerage division.

With operations in 16 countries, Arthur J Gallagher offers client-service capabilities in more than 100 countries around the world through a network of correspondent brokers and consultants.

Terms of the transaction were not disclosed.