Arthur J. Gallagher & Co. Acquires Cincinnati Benefit Solutions, LLC

Arthur J. Gallagher & Co., a leading global insurance brokerage and risk management firm, announced today the acquisition of Cincinnati Benefit Solutions, LLC, a provider of employee benefits services based in Ohio. The transaction, which took place on June 23, 2026, involves an undisclosed deal value. This strategic acquisition is expected to enhance Gallagher's small-group benefits consulting capabilities in the Ohio market, further solidifying its presence in the region.

Cincinnati Benefit Solutions specializes in delivering tailored employee benefits services to small businesses in Cincinnati and its surrounding areas. The firm has established a reputation for its customer-centric approach and deep understanding of the local market. Following the acquisition, Drew Locaputo and his team will continue to operate from their current location, ensuring continuity for existing clients and leveraging Gallagher's extensive resources to enhance service offerings. Brian Lomas, who heads Gallagher's Great Lakes region employee benefits consulting and brokerage operations, will oversee the integration of Cincinnati Benefit Solutions into Gallagher's broader organizational structure.

The acquisition aligns with Gallagher's strategic objectives to expand its footprint in the small-group benefits consulting sector, particularly in key markets like Ohio. As small businesses increasingly seek comprehensive employee benefits solutions to attract and retain talent, Gallagher's investment in Cincinnati Benefit Solutions positions the firm to better serve this growing demand. The cultural compatibility between the two organizations is also a significant factor, as Gallagher emphasizes the importance of maintaining a cohesive work environment that fosters collaboration and client satisfaction.

This transaction comes at a time when the employee benefits sector is experiencing notable growth, driven by the ongoing evolution of workforce needs and regulatory changes. Small businesses are increasingly recognizing the importance of offering competitive benefits packages to remain attractive in a tight labor market. Gallagher's acquisition of Cincinnati Benefit Solutions not only enhances its service capabilities but also reflects a broader trend of consolidation within the industry as firms seek to expand their offerings and geographic reach.

Looking ahead, the integration of Cincinnati Benefit Solutions into Gallagher's operations is expected to yield positive outcomes for both companies. By combining their expertise and resources, Gallagher can enhance its service delivery and client engagement strategies, ultimately driving growth in the small-group benefits consulting space. This acquisition underscores Gallagher's commitment to expanding its market presence and adapting to the evolving needs of small businesses, positioning the firm well for future opportunities in the dynamic employee benefits landscape.