International insurance brokerage and risk management services firm Arthur J. Gallagher & Co has completed the acquisition of Garza Long Group (GLG), which is based in Weslaco, Texas, for an undisclosed amount.
Financial details of the transaction were not disclosed.
As per the terms of the deal, Robert Garza, Nick Long and their associates will join the Gallagher family of professionals and continue to operate in their current location.
The team will function under the supervision of John Neumaier, who is Gallagher employee benefit consulting and brokerage operations South Central regional executive vice president.
Arthur J. Gallagher & Co chairman, president and CEO J. Patrick Gallagher, Jr., said, "As part of our acquisition strategy, we continue to find outstanding partners that help expand our geographic presence and consulting expertise, and GLG is a good example of how effective that strategy can be."
"Their south Texas presence and areas of specialization will be terrific complements to our employee benefits operations."
GLG was founded in November 2011, and offers a wide range of employee benefit program consulting services for their employer clients in the Rio Grande Valley and throughout Texas.
The firm provides health and welfare strategic planning and design, voluntary benefits, wellness, benefits administration and human resource consulting with a specialization in public entity businesses.
Arthur is headquartered in Itasca, Illinois, has operations in 19 countries and offers client-service capabilities through a network of correspondent brokers and consultants in more than 140 countries across the globe.