William Gallagher Associates Acquires Paradigm Associates
BOSTON--(August 25, 2010)--William Gallagher Associates ("WGA") announces the acquisition of Paradigm Associates, a health and welfare benefit plan consulting group headquartered in Braintree, MA.
"We are very pleased that Paradigm chose WGA as their merger partner. Paradigm brings to our company strong capabilities and client relationships which will further serve to strengthen both of our organizations"
Paradigm Associates was founded in 1995 and has a client base of 85 organizations with particular expertise in health care, technology and financial services.
"We are very pleased that Paradigm chose WGA as their merger partner. Paradigm brings to our company strong capabilities and client relationships which will further serve to strengthen both of our organizations," said Philip J. Edmundson, Chairman and CEO of WGA.
Mr. Edmundson went on, "this merger reinforces our continued belief at WGA that the Commonwealth remains the best place to anchor a business whose strategy focuses on growth companies involved in such diverse areas as High Tech, Life Sciences, Health Care and Renewable Energy."
"With this acquisition," Edmundson concluded, "WGA continues to expand its leadership role as New England's largest independent insurance brokerage firm."
The revenue of Paradigm in 2009 was $3.4 million. The purchase price of the acquisition was not disclosed.
About William Gallagher Associates
William Gallagher Associates is a leading provider of insurance brokerage, risk management and employee benefit services to companies with complex risks and dynamic needs, within industries that include life sciences, technology, financial risks, health care, aviation, energy and clean tech, and environmental services. The firm was founded in 1983 and today is one of the country's leading independent brokerage firms, with offices in Boston, MA; New York, NY; Hartford, CT; Columbia, MD; Princeton, NJ; Atlanta, GA; and Paris, France.
William Gallagher Associates
Marketing Director / Vice President
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