AJG acquires employee benefits brokerage

Arthur J Gallagher (AJG) has acquired California-based employee benefits brokerage e3 Financial.

Established in 1988, e3 Financial provides employee benefits brokerage, human resource administration and financial benefits consultation services for middle market group clients and individuals throughout the US.

It specialises in integrated organisational, executive and employee resources products for the real estate development, technology and financial services industries.

Andrew Torelli, Michael Rankin, Amanda Davis and their colleagues will continue to operate in their current location under the direction of Norbert Chung, leader of Gallagher's Western employee benefit consulting and brokerage operations.

J. Patrick Gallagher, chairman, president and chief executive officer, said: "e3 is well-known for its depth of industry expertise, strong market relationships and an entrepreneurial team that is focused on high-quality client service.

“Their professional services specialization and their strong service culture is a natural fit, and their West Coast presence will be a great complement to our employee benefits operation.  We are pleased to welcome Andy, Mike, Amanda and their e3 team to our growing Gallagher family of professionals."