Arthur J. Gallagher & Co. (NYSE: AJG) announced that it has acquired First Actuarial, a UK‑based pension administration and employee‑benefits consultancy. The deal, disclosed on December 2 2025, brings First Actuarial’s pension, investment and advisory services into AJG’s portfolio, extending the broker’s reach in the United Kingdom.
The terms of the transaction were not disclosed, but First Actuarial’s 2024 financials provide context for the scale of the acquisition. The firm reported a turnover of £38.6 million and employed 415 staff in the year ended July 31 2024, indicating a mid‑size specialist that can add significant client depth and expertise to AJG’s UK operations.
AJG’s dual‑growth strategy—combining organic expansion with targeted acquisitions—has guided its recent moves in the UK market. By adding First Actuarial, AJG strengthens its pension service capabilities and complements its existing employee‑benefits consulting practice, positioning the company to capture a larger share of the UK benefits market and deliver integrated solutions to employers and pension trustees.
J. Patrick Gallagher, Jr., chairman and CEO of AJG, said the acquisition “expands our pension service capabilities in the UK and complements our employee‑benefits consulting operations.” The statement underscores the strategic fit and the expectation that First Actuarial’s established client relationships will accelerate AJG’s growth in the region.
The acquisition aligns with a broader industry trend of insurance brokers acquiring independent consultancies to consolidate services and broaden their global footprint. AJG’s track record of successful M&A, combined with First Actuarial’s strong reputation and client base, suggests that the deal will generate synergies in cross‑selling, cost efficiencies, and enhanced market positioning in the UK benefits sector.
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