Arthur J. Gallagher & Co. recently made a deal of interest both to benefits brokers and, possibly, to long-term care planners: It acquired Lewis & Associates Brokers Inc.
Lewis & Associates is a Visalia, California-based firm that sells employee benefits and other insurance products to long-term care communities. The firm serves assisted living facilities, independent living communities and skilled nursing facilities, according to Gallagher.
Gallagher, which is based in Itasca, Illinois, says James Smallwood, Kevin Veitia and other Lewis & Associates veterans will stay at their current location.
Gallagher says it liked the firm because of its outstanding reputation and its niche capabilities.
The companies are not saying how much Gallagher paid for Lewis & Associates.
In other benefits and insurance deal news:
Marsh & McLennan Agency L.L.C., a unit of New York-based Marsh & McLennan Companies, has acquired iaCONSULTING of Lubbock, Texas, for a price that was not announced. The firm sells health insurance and other benefits products and services to midsize employers in Texas. Bill Hartsfield, the iaCONSULTING chief executive officers, and other employees of the firm will go to work for Marsh & McLennan.
USI Insurance Services, a Valhalla, New York-based broker, has acquired Accelerated Benefits of Dublin, Ohio, for a price that was not announced. Thomas Wagoner, the firm’s founder, and his employees will stay at their current location and go to work for USI.
NFP Corp., a New York-based broker, has announced three deals. The company acquired Mattecheck & Associates Inc., a Portland, Oregon-based benefits broker, and McLaughlin & Smoak L.L.C., a Charleston, South Carolina-based benefits broker, for prices that were not announced. Bill Mattecheck of Mattecheck & Associates will become an NFP senior director. Colin Smoak and Trey McLaughlin of McLaughlin & Smoak will become NFP corporate benefits directors.
NFP also acquired Valued Pharmacy Services of the Midwest Inc. of Chesterfield, Missouri, and a VPS sister company, Healthcare Coalition for the Uninsured L.L.C., for a price that was not disclosed. VPS is a pharmacy benefit manager. Mike Rogers, the president of VPS, will become managing director of pharmacy services at NFP.
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