Arthur J. Gallagher & Co. has announced the acquisition of the UK pensions consultancy and administration firm, First Actuarial, for an undisclosed amount.
First Actuarial provides pension administration, employee benefits, actuarial consultancy and investment services to employers and pension scheme trustees across the UK.
The team will continue to operate from its existing offices and will fall under the leadership of Gallagher head of UK Benefits and HR Consulting Division, David Piltz.
Commenting on the deal, Gallagher chairman and CEO, J. Patrick Gallagher Jr., said the acquisition strengthened the firm’s domestic pensions capabilities while complementing its wider employee benefits consulting business.
“First Actuarial is a highly regarded firm that expands our pension service capabilities in the UK and complements our employee benefits consulting operations,” he continued.
“I am very pleased to welcome David and his associates to our growing, global team,” he added.
This article was first published on our sister title, Pensions Age.
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