Arthur J. Gallagher & Co. AJG has acquired Capitol Benefits Group for an undisclosed amount. This buyout will enhance the acquirer’s consulting and brokerage services in central U.S.Oklahoma-based Capital Benefits, which was founded in 1999, offers employee benefits insurance products and consulting services to individual clients and businesses across the central United States. The insurance broker’s clientele ranges between small and middle-market businesses. The company is an expert in forming strategic plans and customized benefit programs as well as HR/benefit solutions like wellness plans, compliance support and employee communications. Capital Benefits is renowned for its industry expertise and strong presence in the regions where it operates. Thus, the buyout will further boost the already robust inorganic growth portfolio of the acquirer.Capitol Benefits’ team-based sales culture, superior service and strong market relationships will be substantially value accretive to Arthur J. Gallagher’s portfolio. The acquisition will add capabilities to the acquirer’s employee benefits brokerage and consulting operation. This marks the sixth takeover by the company this year. Notably, Arthur J. Gallagher purchased Joseph Distel & Co, Inc. on Mar 30, 2016.Arthur J. Gallagher, which currently holds a Zacks Rank #2 (Buy), is well known for its spree of strategic acquisitions. In 2015, the insurance broker acquired 44 entities, including two in the risk management segment, with net annualized revenue grossing $230 million.Following the inorganic route to ramp up one’s growth profile seems a well-accepted strategy among insurers as acquisitions and consolidations rage this space. Recently, Marsh & McLennan Agency LLC (“MMA”), the middle market agency subsidiary of Marsh & McLennan Companies, Inc. MMC, acquired Corporate Consulting Services, Ltd. for an undisclosed amount. Also, Sun Life Assurance Company of Canada, the wholly owned subsidiary of Sun Life Financial Inc. SLF acquired the employee benefits business of Assurant Inc. AIZ for $940 million.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MARSH &MCLENNAN (MMC): Free Stock Analysis Report GALLAGHER ARTHU (AJG): Free Stock Analysis Report SUN LIFE FINL (SLF): Free Stock Analysis Report ASSURANT INC (AIZ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research