Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of specialist consulting firm, P2 Group.
The Hawthorn, Victoria-based P2 Group assists employers proactively manage occupational health, while at the same time lowering the risk of worker injuries and WorkCover claims.
According to an announcement on the deal, P2 Group does this by promoting a culture of preventative practice by both identifying and solving potential problems before they have the chance of leading to an injury or claim.
Terms of the transaction were not disclosed, but it has been revealed that joint Chief Executive Officers (CEO) of P2 Group, Jim Kydas and Paul Marsh, alongside their associates will continue to operate from their current location, under the direction of Head of Gallagher Australia’s specialty Workplace Risk Practice, Vivienne Toll.
Chairman, President and CEO of Arthur J. Gallagher, J. Patrick Gallagher Jr., said: “P2 Group is a highly specialized consulting firm that expands our retail brokerage division’s Workplace Risk Practice’s footprint and services into the Victorian market and offers us additional cross-selling opportunities.
“I am very pleased to welcome Jim, Paul and their team to Gallagher.”