Arthur J. Gallagher & Co. has acquired London-based investment consulting firm Redington.
Serving clients primarily in the UK, Redington provides investment, research and technology services to pension funds, wealth managers and institutional investors.
Redington’s CEO, Sylvia Pozezanac, and her team will reportedly remain in their current location under the guidance of David Piltz, head of Gallagher’s UK employee benefits and HR consulting operations.
J. Patrick Gallagher, Jr., Chairman and CEO of Gallagher, commented on the acquisition, “As a leader in the investment consulting space, Redington brings exceptional talent and represents a fantastic cultural fit.
“Their deep capabilities in modeling and investment market research will enhance our existing consulting services and help our clients achieve superior financial security outcomes.
“I am excited to welcome Sylvia and her associates to our growing Gallagher family of professionals.”
In related news, Gallagher recently reported net earnings of $314.1 million for Q3 of 2024, up 12% from the same period of last year, while total revenues increased 13% to $2.77 billion.
Gallagher’s EBITDAC also improved to $691 million in Q3 of 2024, up from $606.1 million in Q3 of 2023.
