Arthur J. Gallagher & Co. — an insurance brokerage, risk management and consulting firm — has acquired Dicentra Pension Services, said Linda Collins, a Gallagher spokeswoman.
Terms of the deal, which closed on Tuesday, were not disclosed. Dicentra, founded by Nicole Ceurvorst and Alan Pitts, offers pension plan actuarial consulting, administration and derisking and termination services for small- and midsize U.S. companies.
Ms. Ceurvorst, Mr. Pitts and Dicentra employees, now based in Golden Valley, Minn., will relocate to Gallagher's Minneapolis office and report to John Neumaier, regional president, Great Lakes region – benefits and HR consulting at Gallagher. The news release did not disclose what titles the Dicentra employees would have.