JTC, the global professional services business, is pleased to announce the proposed acquisition of the Buck UK and European Share Plan Administration and Trustee businesses (“Buck Share Plans”) from Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm. Completion is subject to regulatory approvals.
The acquisition will complement and enhance JTC’s existing Employer Solutions platform, which continues to deliver attractive growth for the Group. In addition to accelerating JTC’s share plan and trustee service offering, Buck Share Plans will bring with it an existing book of high-quality blue-chip clients, as well as an experienced, client focused and committed team of 16 professionals based in the UK, Guernsey and Germany.
Nigel Le Quesne, CEO of JTC, said:
“This acquisition is exciting for us given share plan services are closely aligned with our own shared ownership philosophy, which has been at the heart of JTC’s culture since 1998. We believe that our passion for shared ownership, combined with the 25-year track record of our Employer Solutions business, continues to cement our position as a market leader. The JTC Employer Solutions business continues to grow strongly, and we are pleased to be able to further expand our employee share plan offering.”
David Piltz, CEO of Gallagher’s Benefits & HR Consulting Division in the UK said:
“JTC’s values define who they are as an organisation, with service excellence at the heart of everything they do. From a Gallagher perspective, cultural fit was such an important factor in our decision to undertake this deal with JTC. It was crucial to us that our people and our clients would be moving to an organisation which shared Gallagher’s values and focus on both exceptional client service and a collaborative, supportive and inclusive working environment.”
