Sydney, 29 January 2020: Lockton Companies Australia Pty Ltd expands its employee benefits team through its acquisition of WCD, which took effect on this month.
Clyde & Co advised Lockton Australia on the acquisition, with the team led by partner, Dean Carrigan.
The acquisition is intended to complement Lockton Australia's existing workers’ compensation functions and is part of the transition of their current offering into a broader People Risk offering. The acquisition also expands the Lockton Australia employee benefits footprint nationally, and places them in a position to provide global services and solutions.
"The investment by Lockton Australia reflects that the market will continue to identify opportunities for consolidation as strategic decisions will be driven by adding greater value and outcomes for clients. Clyde & Co look forward to the continued success of Lockton Australia, and providing ongoing assistance," said Dean Carrigan, Partner, Clyde & Co.
Dean Carrigan was assisted on the transaction by Johann Spies, Special Counsel and Rishiv Rathore, Associate.