New Providence-based brokerage and consulting firm The Daniels Group has been acquired by Arthur J. Gallagher & Co., according to a statement from the global insurance, risk management and consulting company.
The Daniels Group has been in New Jersey since 1991, and handles employee benefits consulting, as well as commercial brokering.
Gallagher is based in Rolling Meadows, Illinois, but has operations in 34 countries, and has service capabilities to more than 150.
Following the deal, Daniels Group CEO and President Kathleen Passantino as well as her associates will be relocating to Gallagher’s Whippany location. They will report to Kent Lonsdale, head of Gallagher’s Northeast employee benefit consulting and brokerage operations.
“The Daniels Group brings us complementary strengths in several practice areas and a similar company culture,” said J. Patrick Gallagher Jr., Gallagher & Co.’s chairman, CEO and president. “I am very excited to welcome Kathy and her team to our growing Gallagher family of professionals.”