Gallagher Acquires Five Points Benefits Solutions
Sica | Fletcher advises Five Points Benefits Solutions, LLC (“Five Points”) in its sale to
Arthur J. Gallagher & Co. (NYSE:AJG) (“Gallagher”).
Overview of Transaction
Founded in 2011, Five Points is an employee benefits consultant and premier regional provider of ancillary benefits, such as life, disability, dental and vision coverages, to public-sector clients throughout Tennessee, as well as in Georgia and Kentucky.
Five Points agreed to partner with Gallagher, a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois.
Significance of Transaction
The acquisition will expand Gallagher's public sector benefit offerings in Tennessee and across the Heartland region, and provide access to the proprietary technology platform utilized by Five Points.
It also provides the Five Points team with an expansive suite of corporate resources that will substantially enhance growth and expand its focus to serve public sector clients across the nation.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Five Points and explored multiple options before deciding to partner with Gallagher.
The transaction builds on Sica | Fletcher's track record of success with complex transactions and key relationships with the most prolific acquirers in the space.