Arthur J. Gallagher & Co., a global insurance brokerage firm based in Illinois, announced Aug. 9 that it has acquired Leystone Insurance & Financial of Ottawa.
Leystone Insurance & Financial, founded in 2001, offers employee benefits and retirement consulting services, specializing in individual life insurance and investment strategies, for clients across Ontario.
David McCulloch, Darryl Phippen and their associates will continue to operate from their current location under the direction of Leslie Lemenager, head of Gallagher's international employee benefits consulting and brokerage operations, says the company.
Terms of the transaction were not disclosed.
"Leystone Financial is a well-regarded firm with similar core values that will strengthen Gallagher's footprint in Ottawa, Canada's capital," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am happy to welcome David, Darryl and their associates to our growing Gallagher family of professionals."