Arthur J. Gallagher & Co. has acquired Foundation Strategies (FSI) of Katy, Texas, though the terms of the transaction have not yet been disclosed.
Founded in 1996, FSI is an employee benefits broker and consultant that offers group employee benefit products and consulting services for their primarily mid-to-large clients in the south central US.
They specialise in the strategic development, design and implementation of employee benefit plans as well as communication, enrollment and insurance management services.
Shelly Coonrod, Charles Coonrod and their colleagues will continue to operate in their current location under the direction of John Neumaier, leader of Gallagher's south central employee benefits consulting and brokerage operations.
"For nearly 20 years, FSI's team of experts have been providing effective benefit strategies that support and service the overall benefit goals of their clients," said Patrick Gallagher, chairman, president and CEO of Gallagher.
"Their client-focused sales culture, extensive expertise and Houston-area presence will be a terrific complement to our employee benefits south central operations."
Gallagher is an international insurance brokerage and risk management services firm headquartered in Itasca, Illinois, which has operations in 27 countries and offers client service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
