UK EXCLUSIVE: Arthur J Gallagher has acquired Surrey-based employee benefits organisation Orb Financial Services.
Orb provides employee benefits consultancy and broker services, including group risk and healthcare, flexible benefits, benefit communications, workplace pension schemes, travel and dental protection, as well as key person and partnership protection.
The acquisition is aimed at bringing together and strengthening both organisations’ areas of expertise, which includes a particular specialism in the alternative investment and asset management sector, to provide support to employers across a broad spectrum of employee benefits.
The acquisition by Arthur J Gallagher, which now operates from 17 offices across the UK, will also provide Orb with the scope for additional capacity and scale.
Orb’s 16-strong workforce will continue to serve clients from the organisation’s West Byfleet-based offices.
Tim Johnson (pictured), UK chief executive of the employee benefits and wealth management teams at Arthur J Gallagher, said: “Ultimately we saw in [Orb] a kindred spirit. [It is] completely client-focused, [it] believes in quality, and [it is] multi-award winning like we are. And those sorts of things, and the culture that [brings], resonated with us.
“It’s about one plus one making three, not two, that’s ultimately what we’re looking for. Can our scale and our other clients help [Orb], and can [its] expertise and their dedication help us? And we believe they can.”