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Arthur J. Gallagher & Co. Acquires Strategic Services Group, Inc.
Prnewswire· 2025-10-16 13:00
Core Insights - Arthur J. Gallagher & Co. has acquired Strategic Services Group, Inc., a Michigan-based employee benefits consulting firm, although the terms of the transaction were not disclosed [1][2]. Company Overview - Strategic Services Group specializes in employee benefits consulting services across various industries in Michigan and the Midwest [2]. - The team led by Doug Roehm and Greg Sudderth will continue to operate from their current location under the leadership of Brian Lomas, who oversees Gallagher's Great Lakes region employee benefits consulting and brokerage operations [2]. Strategic Implications - The acquisition is expected to enhance Gallagher's employee health benefits consulting capabilities in the region, as noted by J. Patrick Gallagher, Jr., Chairman and CEO [3]. - Gallagher operates globally, providing insurance brokerage, risk management, and consulting services in approximately 130 countries [3].
WESTERN MIDSTREAM COMPLETES ACQUISITION OF ARIS WATER SOLUTIONS
Prnewswire· 2025-10-15 15:04
Core Points - Western Midstream Partners, LP has completed the acquisition of Aris Water Solutions, Inc, enhancing its position as a leading midstream flow-assurance provider in the Delaware Basin [2][3] - The merger allows Western Midstream to better address the challenges faced by producer customers in Texas and New Mexico regarding produced-water management [2] Acquisition Details - Each share of Aris Class A common stock and corresponding units was converted into either 0.625 common units of WES, $25.00 in cash, or a combination of 0.450 common units and $7.00 in cash [2][3] - Approximately 28% of the total merger consideration will be in cash, totaling $415.0 million, while about 72% will be in common units, amounting to approximately 26.6 million units [3] Company Overview - Western Midstream operates midstream assets across Texas, New Mexico, Colorado, Utah, and Wyoming, focusing on natural gas and produced water management [4] - The company’s cash flows are largely protected from commodity price volatility through fee-based contracts, providing stability in operations [4]