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Arthur J. Gallagher (AJG) has acquired Super Advice Corporate Services and Personal Advice Services, collectively known as Super-Advice, in a move that is aimed at fortifying the global insurance broker’s presence in Australia. Terms of the transaction were not disclosed.
Established in 2002, Super-Advice offers employee-benefits consulting and corporate-advisory services with a special focus on corporate superannuation and employee-group insurance.
The transaction is set to boost AJG’s employee-benefits consulting and individual wealth-management abilities throughout Western Australia and Sydney, add substantial value to the acquirer’s already-robust inorganic portfolio, as well as add capabilities to its insurance-brokerage service portfolio, Zacks Equity Research reported.
Super-Advice will continue to operate from its current locations in Perth and Sydney after the deal has been completed, the report said.
