Multinational acquires Aussie businesses

Arthur J. Gallagher, has recently announced the acquisition of well-regarded Western Australia (WA) workplace risk consultancy, RiskLink and Brisbane based financial advice firm Complete Financial Balance (CFB).

With the deal freshly inked, the team is excited about the many benefits and opportunities this will bring to existing clients and the broader Perth business community. Located in Gallagher’s Burswood office, the team will provide advice and assistance to a broad portfolio of businesses ranging from small to medium enterprises through to large, multinational corporate organisations.

“As a growth driven business we are constantly on the look-out for strategic partners that complement our existing practice and help us to increase local and regional presence and build on our existing capability and offering.” Vivienne Toll, AJG’s Head of Workplace Risk, explains,

“Off the back of growing demand for our services in WA, we needed a strong player with an established reputation to further consolidate our national practice. RiskLink were a natural choice for us given their strong track record in the OSH and workers compensation space and the depth of their relationships with local clients.”

“With increased regulatory focus in WA in many aspects of workplace risk management, we understand the importance of providing effective advice and holistic support to clients that ensures all risk and compliance requirements are fully met whilst being across what the future may hold and providing the appropriate safeguards.”

Michael Morgan, former Managing Partner at RiskLink, now Practice Leader, Workplace Risk (Western Region), adds, “Being part of a national Workplace Risk practice will bring many benefits to our existing clients, including being part of a larger workplace risk management business and having increased capacity in WA, backed by global breadth and regional capability.”

“Many of our clients have been with us since day one and we wanted them to continue to enjoy the same service and experience that they have come to recognise us for over the years. We are confident this will be the case.”

“When we were first approached by Vivienne and the Gallagher team, I was impressed by the vision for their Workplace Risk practice that neatly aligned with some of our ambitions for the RiskLink business and which also provided pockets of opportunity that we could only achieve through the international platform that Gallagher offers.”

CFB, which is a corporate authorised representative of Aon Hewitt Financial Advice and specialises in employee benefits consulting in addition to personal financial advice, will continue to be run by Graham Campbell and Tapel Cafer, who will now be reporting to Leslie Lemenager, head of Gallagher’s international employee benefit consulting and brokerage business.

“We are particularly excited to have completed the acquisition of CFB, our first employee benefits acquisition in Australia,” said J Patrick Gallagher Jr, chairman, president and CEO of Gallagher to various news outlets.

“Their team’s solid culture, similar business model and commitment to delivering the highest professional standards will be a wonderful addition to our employee benefits consulting operations. We are pleased to welcome Graham, Tapel and their colleagues to our growing Gallagher family of professionals.”