JTC set to acquire Buck Share Plan Administration from Arthur J. Gallagher & Co.

JTC, a global leader in professional services, has announced its intent to acquire the Buck UK and European Share Plan Administration and Trustee Businesses from Arthur J. Gallagher & Co. The acquisition, pending regulatory approvals and other closing conditions, will significantly enhance JTC’s Employer Solutions platform by integrating a comprehensive range of employee share plan services offered by Buck Share Plans. This acquisition spans operations in the United Kingdom, Guernsey, and Germany.

Buck Share Plans is known for providing fully outsourced administration and trustee services to a distinguished global clientele. By acquiring these operations, JTC aims to accelerate the growth of its share plan trustee and administration services, further solidifying its position in the market. The deal also brings with it an experienced team of 16 professionals across the UK, Guernsey, and Germany, along with a roster of high-quality, long-standing blue-chip clients.

JTC’s Employer Solutions platform, a part of its Institutional Client Services Division, has a history of over 25 years in delivering market-leading retirement and share plan services. With a client base of more than 500 corporations, JTC provides an extensive array of trustee and administration services, including share plans, deferred compensation plans, and international retirement and savings plans. The integration of Buck Share Plans into this platform is expected to further strengthen JTC’s market leadership.

Nigel Le Quesne, CEO of JTC, expressed his enthusiasm about the acquisition, highlighting the alignment of the deal with JTC’s shared ownership philosophy, a core value of the company since 1998. Le Quesne noted that the acquisition is a testament to JTC’s commitment to expanding its employee share plan offering, underpinned by the continued strong growth of the Employer Solutions business.

On the other side of the deal, David Piltz, CEO of Gallagher’s Benefits & HR Consulting Division in the UK, emphasized the importance of cultural fit in the transaction. He remarked that JTC’s dedication to service excellence and shared values was a critical factor in Gallagher’s decision to proceed with the sale. Piltz noted that ensuring a seamless transition for both clients and employees to an organization that shares Gallagher’s focus on exceptional client service and a collaborative working environment was paramount.

The acquisition is expected to close following the fulfillment of regulatory approvals and other closing conditions, marking a significant milestone in JTC’s ongoing expansion strategy.