Arthur J. Gallagher & Co has completed the acquisition of the partnership interests of BCHR Holdings, Buck.

The acquisition was initially announced in December 2022, with the proposition aiming to expand Gallagher’s value proposition within retirement, benefits & HR consulting, administration, and technology, and enhance Gallagher’s offering of professional services.

Valued at $660m (£543m), it is the firm’s largest HR benefits acquisition to date.

Under the acquisition, Buck's team of 2,300 employees will operate under the direction of Gallagher head of employee benefits consulting and brokerage operations, William F. Ziebell.

Commenting on the news, Arthur J. Gallagher & Co chairman, president and CEO, stated: "I'm delighted to officially welcome our new Buck colleagues to the Gallagher family of professionals.

"Together, our complementary strengths within retirement, benefits consulting and administration services will enhance the value we deliver to our clients, and our collective expertise will provide tremendous opportunities for growth."

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