Arthur J. Gallagher & Co. announced April 5 that is has acquired Oklahoma City-based Capitol Benefits Group.
Terms of the transaction were not disclosed.
Capitol Benefits Group, founded 1999, offers employee benefits insurance products and consulting services to both small and middle-market businesses, as well as individual clients. The company primarily served clients throughout the Central United States.
The entire Capitol team will continue to operate from its current location under the leadership of Arthur J. Gallagher South Central employee benefit consulting and brokerage operations head John Neumaier.
"Capitol's team has the expertise, market relationships and quality service that we value in our acquisition partners," remarked Arthur J. Gallagher chairman, president, and CEO J. Patrick Gallagher, Jr. "In addition, their Oklahoma presence and their team-based sales culture will be a terrific complement to our growing employee benefits brokerage and consulting operation. We are pleased to welcome Chuck, Diane and their associates to our growing Gallagher family of professionals."
