Arthur J. Gallagher Acquires First Capital to Enhance Wealth Management and Employee Benefits

### Arthur J. Gallagher & Co. Expands Its Reach with First Capital Acquisition

Arthur J. Gallagher & Co., the global insurance brokerage and risk management firm, makes a significant move by acquiring First Capital Financial Services and its affiliate, First Capital Wealth Management, based in New Zealand. This acquisition marks a strategic step for Gallagher, enhancing its service offerings in wealth management and employee benefits. First Capital has established itself as a key player in the New Zealand market, providing tailored financial advisory services to both corporate clients and individuals from its offices in Christchurch and Auckland. By integrating First Capital's expertise and client relationships, Gallagher aims to bolster its benefits consulting capabilities in the region, further solidifying its presence in the Asia-Pacific financial advisory sector.

Hugh Percy, the leader of First Capital, will continue to guide his team under the leadership of Graham Campbell, who oversees Gallagher's employee benefits and HR consulting operations in Australia and New Zealand. This leadership transition is expected to facilitate a smooth integration process, allowing Gallagher to leverage First Capital’s deep-rooted knowledge of the local market while enhancing collaboration across its global network. J. Patrick Gallagher, Jr., the Chairman and CEO, expresses confidence in First Capital’s client-centric approach, which aligns well with Gallagher's vision of providing exceptional service to its clients. This acquisition not only reflects Gallagher's commitment to expanding its service capabilities but also its intention to foster a culture that prioritizes client relationships and tailored solutions.

The strategic acquisition aligns with Gallagher's broader goal of expanding its global footprint in the financial advisory domain. Operating in approximately 130 countries, Gallagher has continuously sought to enhance its offerings through strategic partnerships and acquisitions. By integrating First Capital's robust portfolio and established reputation, Gallagher positions itself to better serve the diverse needs of clients in New Zealand while also tapping into potential growth opportunities in the region. This move signifies Gallagher’s dedication to strengthening its market position and expanding its influence in the competitive landscape of financial services.

In addition to the acquisition, Gallagher's ongoing commitment to enhancing employee benefits services is expected to resonate well with its corporate clients in New Zealand. This move reflects a growing trend within the industry, where companies are increasingly focusing on comprehensive employee benefits solutions to attract and retain talent in a competitive market. As Gallagher integrates First Capital's offerings, clients can anticipate innovative strategies and enhanced support tailored to their unique needs.

The acquisition of First Capital is a testament to Gallagher's strategic vision and its proactive approach to expanding its service capabilities. As the company integrates First Capital's expertise, it is well-positioned to redefine employee benefits and wealth management in New Zealand, ultimately delivering greater value to its clients.