Insurance broker Arthur J. Gallagher & Co said it has acquired Intermountain Financial Benefits of Salt Lake City, Utah, and become a major shareholder in CGM Group, headquartered in Kingston, Jamaica.
The acquisition was the third in two weeks for the Itasca, Ill.-based firm. Terms of both the Jamaica and Utah transactions were not released.
Intermountain Financial, founded in 1995, is an employee benefits insurance broker offering a broad range of employee benefits insurance and consulting services. The firm specializes in group life, accident, health, dental, retirement, long- and short-term disability, and cafeteria plans, said AJG.
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