Gallagher to Acquire Buck

Arthur J. Gallagher & Co. (NYSE: AJG) has announced an agreement to acquire the partnership interests of BCHR Holdings, LP, dba Buck. The transaction is expected to close during the first half of 2023, subject to customary regulatory approvals.

Buck is a leading provider of retirement, HR and employee benefits consulting and administration services. The organization has a long history, dating back more than 100 years, with a diverse client base by both size and industry. With over 2,300 employees, including more than 220 credentialed actuaries, Buck primarily serves customers throughout the U.S., Canada and the UK.

"Providing a comprehensive suite of products and services that allows employers to attract, engage and retain talent is at the heart of Gallagher Benefit Services' mission and our global Gallagher Better Works value proposition," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Through the complementary strengths of Buck's defined benefit offerings, investment consulting, digital employee engagement platform and international footprint, the acquisition will broaden, deepen and enhance our client offerings. I look forward to welcoming the 2,300 new colleagues joining us as part of this transaction to our growing Gallagher family of professionals."