JTC acquires Buck's UK and European share plan business operations

20 Aug, 2024

JTC acquires Buck's UK and European share plan business operations

JTC, a global professional services firm, is set to acquire the Buck UK and European Share Plan Administration and Trustee businesses from Arthur J. Gallagher & Co, pending regulatory approval. This strategic acquisition is intended to strengthen and expand JTC's existing Employer Solutions platform. The deal will bring Buck Share Plans' portfolio of blue-chip clients and a skilled team of 16 professionals based in the UK, Guernsey, and Germany under JTC’s umbrella.

JTC CEO, Nigel Le Quesne, expressed excitement about the acquisition, noting that share plan services align closely with JTC's shared ownership philosophy, a core aspect of the company’s culture since 1998. He emphasized that this acquisition reinforces JTC’s market-leading position in employee share plans, enhancing the firm’s ability to offer comprehensive solutions.

David Piltz, CEO of Gallagher's benefits and HR consulting division, highlighted the importance of cultural alignment in the decision-making process, ensuring that both employees and clients transition smoothly to an organization that shares Gallagher’s values. The focus on service excellence, collaboration, and an inclusive work environment were key factors in choosing JTC as the right fit for this acquisition.