Arthur J. Gallagher & Co. has acquired First Actuarial for an undisclosed amount. This transaction represents a corporate acquisition, clearly distinct from a funding round. First Actuarial, a UK-based consultancy, specializes in providing comprehensive pension advisory services, administration, and investment consultancy to trustees and employers, focusing on helping employees save for retirement.
First Actuarial’s services encompass Defined Benefit and Defined Contribution schemes, employee benefits, financial wellbeing, group protection, healthcare benefits, and investment advice. The company operates with a strong client-first and people-focused ethos, valuing professional integrity, accuracy, and compliance. First Actuarial is known for its tailored approach, challenging conventional thinking, and commitment to fostering supportive work environments across its UK offices in Basingstoke, Leeds, London, Manchester, Peterborough, and Tonbridge.
The acquisition strategically enhances Arthur J. Gallagher & Co.'s capabilities by integrating First Actuarial's specialized expertise in pension advisory, actuarial, and administration services. First Actuarial’s client-centric approach and innovative solutions, including its work on Collective Defined Contribution (CDC) schemes, are expected to complement the acquiring company's existing portfolio. This move is anticipated to expand service delivery for trustees and employers within the UK market, leveraging First Actuarial’s deep client relationships and experienced teams.
Moving forward, the combined entity aims to sustain First Actuarial's commitment to high standards of professional development and client service. The integration is expected to result in a broadened range of pension and employee benefit solutions, further supporting clients in navigating complex financial landscapes and improving employee financial outcomes across the UK.