Arthur J. Gallagher & Co. announced the acquisition of New Zealand-based First Capital Financial Services and its affiliate First Capital Wealth Management.
Terms of the transaction were not disclosed.
First Capital is a financial advisory firm providing wealth management, risk management and employee benefits services to corporate clients and individuals throughout New Zealand from offices in Christchurch and Auckland. Hugh Percy and the First Capital team will operate under the direction of Graham Campbell, head of Gallagher’s employee benefits and HR consulting operations in Australia and New Zealand.
“First Capital has a client-focused culture like our own and offers an excellent opportunity to expand our benefits consulting capabilities in the region,” said J. Patrick Gallagher Jr., chairman and CEO. “I am excited to welcome Hugh and his associates to our growing, global team.”
Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based brokerage, risk management, and consulting services firm, operates in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
Source: Arthur J. Gallagher
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