Posted on 31 Aug 2010
William Gallagher Associates ("WGA") announces the acquisition of Paradigm Associates, a health and welfare benefit plan consulting group headquartered in Braintree, MA.
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.
William Gallagher Associates is a leading provider of insurance brokerage, risk management and employee benefits services to companies with complex risks, within industries that include high technology, life sciences, financial risks, healthcare services, energy, aviation and environmental services. Founded in 1983, WGA has offices in Boston, MA; New York, NY; Hartford, CT; Princeton, NJ; Columbia, MD; Atlanta, GA; and Paris, France.