Arthur J. Gallagher completes acquisition of Baker Tilly’s benefits business

Arthur J. Gallagher has completed its acquisition of Baker Tilly’s employment benefits business for an undisclosed fee.

The deal includes the acquisition of Baker Tilly’s corporate contracts, consulting team, client support and rights to its 4pensions management software, which will become part of Arthur J. Gallagher’s employee benefits, human resources and private wealth management division.

The acquisition, which was first announced in July, will see Arthur J. Gallgher expand their UK base, which currently operates from 16 regional offices.

Tim Johnson, employee benefits UK chief executive officer at Arthur J. Gallagher said: “This is a pivotal deal for us, providing increased scale and a substantial number of quality clients and excellent turnkey operations.

”The 46 new employees will join our existing UK benefits team of 230 and we still remain committed to growing our business.”

Laurence Longe, managing partner at Baker Tilly, added: “This sale completes our re-organisation and divestment of the financial management business previously owned by RSM Tenon. Once completed, this will enable us to focus on our core markets and key areas of growth both nationally and internationally.”