Gallagher buys Iowa-based benefits consultancy Mark J. Becker & Associates

08 November 2021 Consulting.us 2 min. read

Arthur J. Gallagher & Co. (Gallagher) has acquired Mark J. Becker & Associates (MJBA), a Johnston, Iowa-based employee benefit consulting firm.

Founded in 2011, MJBA provides benefit consulting services to clients in the public sector, social services, medical community, education, and small group businesses. The firm’s offerings include strategic planning, risk and funding strategies, plan and vendor evaluation and management, reporting and compliance, administration systems, and communication and education.

The company, which is led by founder Mark Becker, has a team of 11 people. Becker has more than 30 years of industry experience, and was previously an EVP at David P. Lind & Associates, an account executive at Holmes Murphy, and an underwriter at Principal Financial Group. He was also previously a captain in the US Army.Gallagher buys Iowa-based benefits consultancy Mark J. Becker & Associates“MJBA will boost our consulting capabilities and access in Iowa and the Heartland region, and their strong ethical focus is culturally aligned with our own," said J. Patrick Gallagher, Jr., chairman, president and CEO. "I am very pleased to welcome Mark and his team to Gallagher."

Rolling Meadow, IL-based Gallagher is one of the world’s largest insurance broking and HR consulting firms, competing with rivals including Aon, Willis Towers Watson, and Marsh McLennan. The firm has more than 34,000 employees in 57 countries.

Gallagher’s consulting business advises on HR strategy and technology, organizational change, leadership development, wealth and investment, compensation, benefits, retirement plans, and wellbeing and engagement.

The firm earlier this year tried to acquire select reinsurance, specialty, and retail brokerage operations from Willis Towers Watson (WTW) for $3.57 billion. That deal, which would have added 6,000 employees and $1.3 billion in annual pro forma revenue, was nixed when the massive Aon-WTW merger was abandoned amid regulatory objections in the United States.