U.S.-based brokerage Arthur J. Gallagher & Co. is acquiring Canadian benefits, retirement and compensation consulting firm Accompass Inc.

The acquisition will provided the Toronto-based consultancy with Gallagher’s tools and resources, noted a press release. For Gallagher, the move will facilitate the expansion of its business capabilities in Canada.

Sarah Beech, president of Accompass, will continue to lead the Accompass team. Beech, along with senior vice-president Mark Dowdell and the rest of the Accompass team will continue with client service under the direction of Leslie Lemenager, head of Gallagher’s international employee benefits consulting and brokerage operations.

Read: Mercer completes acquisition of Pavilion Financial’s investment business

“Accompass comes to us with a vast suite of tools and resources to complement our growing capabilities throughout Canada,” said Lemenager, in the release. “In addition, their strong reputation, client-focused approach and recognition as a great place to work closely align with our core values.”

Michael Worb, founder of Accompass, will continue to provide strategic consultation on an ongoing basis.

“With Gallagher supporting our efforts, we are better positioned to treat each of our clients in Canada like they are our only client,” said Beech. “The hallmarks of our brand and why our clients choose us have just become even stronger.”

Read: Hub International acquires Proteus Performance Management

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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