Arthur J. Gallagher Buys Human Resources Firm
|NU Online News Service, Oct. 24, 12:24 p .m.EDT?Insurance broker Arthur J. Gallagher & Co. hasannounced the acquisition of HRadvantage LLC, a human-resourcespecialist firm based in Waukegan, Ill. Terms of the purchase werenot announced.
|Gallagher, based in Itasca, Ill., said HRadvantage's managementteam and its staff will continue to operate out of their currentoffice under the direction of James Durkin, president of GallagherBenefit Services, a unit of Arthur J. Gallagher.
|HRadvantage, founded in 1994, offers various human-resourceconsulting services including compensation program renovation,custom market studies, outsourced human-resource services andemployee communication support.
|Commenting on his firm's latest transaction, J. PatrickGallagher Jr., chief executive officer at Arthur J. Gallagher,noted that HRadvantage will help expand AJG's human-resourcesservice capabilities and bring additional experiencedhuman-resource specialists to the brokerage's Benefit ServicesDivision. "HRadvantage is committed to providing value and serviceto their clients, and this commitment is exactly what we look forin an acquisition partner," Mr. Gallagher said.
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