Arthur J Gallagher has signed an agreement to acquire the assets of Baker Tilly’s employment benefits solutions business for an undisclosed sum.
The deal, which remains subject to the satisfaction of certain conditions, includes the acquisition of all Baker Tilly’s employee benefits corporate contracts, the consulting team and partners, the employer-support team and the rights to its 4pensions management software.
Tim Johnson (pictured), 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 [employer] clients and excellent turnkey operations.
“Its 46 new employees will join our existing UK benefits team of 230, increasing our benefits locations across the UK to 16. We 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.”