On April 3, 2023, Arthur J. Gallagher & Co. (“Gallagher”), a global insurance brokerage, risk management and consulting services firm, completed its previously announced US$660 million acquisition of of BCHR Holdings, L.P. (dba Buck), a leading integrated provider of HR, pensions and employee benefits consulting, technology, and administration services throughout the US, Canada and the UK. Buck was a portfolio company of the private equity firm H.I.G. Capital.
The acquisition enhances Gallagher's portfolio by integrating Buck's expertise in retirement, benefits consulting, and administration services. This strategic move is expected to generate significant expense synergies and provide potential cross-selling opportunities across Gallagher's existing benefits and property and casualty clients. Additionally, the acquisition includes Buck's proprietary software platform, bSuite, which will bolster Gallagher's technology offerings and improve employee engagement.
Fasken acted as Canadian counsel to Gallagher in connection with this transaction with a team comprised of Wojtek Baraniak, Jack Yu, Fatima Husnain (Mergers & Acquisitions); Marc Rodrigue, Rhonda Grintuch, Alex Ognibene (Labour, Employment & Human Rights); Ross Gascho (Pensions & Benefits); Antonio Di Domenico, Robin Spillette (Competition Marketing & Foreign Investment); Robert Iaccino (Real Estate Law); and Craig Bellefontaine (Financial Services).
Jurisdiction
- Ontario
