Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. announced it has acquired Fidelity Benefits & Insurance Services in Waco, Texas. Financial terms were not released.
Gallagher said Fidelity Benefits & Insurance Services (FBIS) is an employee benefits consultant and insurance broker offering employee benefits insurance and consulting services to Texas clients. FBIS specializes in group life, accident, health, dental, retirement, long- and short-term disability and cafeteria plans. The firm began operations six years ago.
Eight FBIS associates, including Todd Dorton, the principal, will continue to operate at their current location under the direction of John Neumaier, South Central regional executive vice president of Gallagher's employee benefit consulting and brokerage operation.
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