Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Pittsburgh, Pennsylvania-based Allied Business Network, Limited (ABN) and Smart Business Savings, LLC (SBS). Terms of the transaction were not disclosed.
Established in 1997, ABN is a national program broker offering ecommerce access to products and services that enhance loyalty and provide rewards to members of affinity groups throughout the U.S., Canada and Europe. Founded in 2008, SBS is a similar business with a strong foundation of members and a white label program, Business Advantage Plus™, for larger clients looking to offer discounts to their business customers. Both ABN and SBS serve clients across the U.S., as well as in Canada and Europe. Offerings include business supplies and services, car rentals and travel discounts. Jack J. Bergman and his team will continue to operate from their current location under the direction of Kevin Garvin, head of Gallagher's North American affinity operations.
"With their strong client relationships, wide array of products and deep knowledge of the affinity loyalty and reward space, ABN and SBS are terrific additions to our U.S. affinity operations," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are very pleased to welcome Jack and his colleagues to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Rolling Meadows, Illinois, has operations in 34 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.