Arthur J. Gallagher Buys First Capital Financial Services For Undisclosed Sum

(RTTNews) - Arthur J. Gallagher & Co. (AJG), an insurance brokerage, risk management, and consulting services firm, said on Wednesday that it has acquired New Zealand-based First Capital Financial Services and its affiliate First Capital Wealth Management. Financial terms of the transaction were not disclosed.

J. Patrick Gallagher, Jr., CEO of AJG, said: "First Capital has a client-focused culture like our own and offers an excellent opportunity to expand our benefits consulting capabilities in the region."

First Capital, a financial advisory firm, provides wealth management, risk management, and employee benefits services to corporate clients and individuals throughout New Zealand.