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Insurance brokerage closes 'strategic' buyout of local company

Insurance brokerage closes 'strategic' buyout of local company

A Brisbane-based financial advisory company has been acquired by an NYSE-listed firm as part of a move to build its presence in Australia.

Firms: Lander & Rogers (Arthur J. Gallagher & Co); Macpherson Kelley (Complete Financial Balance Pty Ltd)

Deal: Complete Financial Balance (CFB) has been acquired by Arthur J. Gallagher & Co.

Value: Confidential

Area: Corporate, M&A

Key players: The Lander & Rogers team advising Arthur J. Gallagher was led by Alex Ding (pictured). Partners Terry Brigden, Robert Neely and Daniel Proietto also worked on the deal, with assistance from special counsel Rachel Hill, senior associate Jared Smith and lawyers Emily Bowly, Jennifer Goh and Shaun Rich.

Deal significance:

CFB is an Australian financial services advisory company founded in 1989. It offers consulting services for wealth management and employee benefits, specialising in superannuation, risk management and asset protection, investment and portfolio administration, business risk insurance, estate planning and retirement planning.

CFB provides services to businesses and individual customers across Australia.

Lander & Rogers, which advised Arthur J. Gallagher & Co on the acquisition of CFB, said the NYSE-listed firm planned to leverage CFB to expand its footprint in Australia.

Lead partner Alex Ding described the sale as a “strategic acquisition” for Arthur J. Gallagher & Co.

This was an important strategic acquisition for our client Arthur J. Gallagher & Co as they continue to build their employee benefits consulting capability in Australia,” Mr Ding said.

“Given our core focus on financial services and insurance, together with our shared commitment to culture and ethos, the Lander & Rogers team was well placed to advise Arthur J. Gallagher & Co on this exciting transaction,” he said.

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