Arthur J. Gallagher & Co. has acquired Case Group. The financial terms of the deal were not disclosed.
Sao Paulo-based Case Group is an employee and health benefits brokerage and consulting firm serving clients across Brazil. The team, led by Rafael Motta, will remain in its current location and operate under the direction of Luiz Araripe, country manager of Gallagher’s operations in Brazil.
“Case Group’s market expertise in employee and health benefits solutions will expand our capabilities in Brazil,” said J. Patrick Gallagher Jr., chairman and CEO. “I am excited to welcome Rafael and his associates to our growing, global team.”
In recent months, Arthur J. Gallagher & Co. has made numerous acquisitions within the United States. However, the company had also been making acquisitions outside the country as part of its efforts to expand globally.
The latest global acquisition the company entered was with Wealth Management Partners Pty Ltd, a financial planning firm based in Perth, Australia. Wealth Management Partners was a provider of retirement plan risk management services. The financial terms of that deal were not disclosed.
In 2021, the company also acquired Indian brokerage Edelweiss Gallagher Insurance Brokers. The firm offered general insurance services, with a focus on niche areas, including cement, retail, pharmaceuticals and life sciences, among others. It has also purchased Jardine Lloyd Thomson Group’s global aerospace operations back in 2019, consuming all assets within JLT’s global aerospace retail and wholesale insurance broking division.
It has been eight years since the company said it had no plans of slowing down its acquisition activity. In 2017, in an interview with Insurance Business, Bill Bohstedt said that acquisitions are part of the company’s DNA.
“[E]verybody from the top down thinks about finding great merger partners, regardless of where they are located or for what they do, from a standpoint of fitting into our company,” he said.
Today, the company remains committed to growing organically and through M&A. It currently provides insurance and financial services in about 130 countries through subsidiaries and correspondent brokers and consultants.
