Boston-based insurance broker William Gallagher Associates (WGA) said it has acquired Paradigm Associates, a health and welfare benefit plan consulting group headquartered in Braintree, Mass.
Financial terms of the transaction were not released.
Paradigm Associates was founded in 1995 and has a client base of 85 organizations with particular expertise in health care, technology and financial services. WGA said the firm had revenues of $3.4 million in 2009.
Philip J. Edmundson, chairman and chief executive officer said the acquisition reinforces the firm's belief that Massachusetts is the best place to "anchor a business whose strategy focuses on growth companies involved in such diverse areas as high tech, life sciences, healthcare and renewable energy."
WGA was founded in 1983 and has offices in Boston; New York; Hartford, Conn.; Columbia, Md.; Princeton, N.J.; Atlanta and Paris.
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