Arthur J. Gallagher has announced that it has acquired the University Services business of Garnett-Powers & Associates Insurance Services, a California-based benefits broker and consultant. Terms of the transaction were not disclosed.
Garnett Powers & Associates’ University Services business offers medical, dental, vision, life, accidental death and dismemberment, and disability insurance plans to university postdoctoral students and visiting scholars, and health insurance plans to university students. The company’s proprietary software provides a customized enrollment suite, benefits administration and file-transfer services for clients and plan participants. Steve Johnson and his associates will continue to operate from their current location. They will report to Norbert Chung, head of Gallagher’s Western region employee benefit consulting and brokerage operations.
“Garnett-Powers & Associates’ University Services business adds a unique and vital link to our already-strong higher education practice, while also bringing a unique platform to customize the enrollment process,” said J. Patrick Gallagher Jr., chairman, president and CEO of Arthur J. Gallagher. “I am very pleased to welcome Steve and his associates to Gallagher.”
