Marsh & McLennan Agency Acquires Employee Benefits Group
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Mar 4, 2019--Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced that it has acquired Employee Benefits Group, Inc., a Bethesda, Maryland-based independent insurance agency specializing in employee benefits and retirement consulting. Terms of the transaction were not disclosed.
Founded in 1987, Employee Benefits Group (EBG) provides employee health and welfare consulting and retirement consulting services to clients throughout the Mid-Atlantic. EBG has 12 employees, all of whom are joining MMA.
“We are excited to have the EBG team join MMA. They have excelled at providing innovative employee health, benefit, and retirement solutions to their clients. This combination will expand our ability to serve clients in the greater Washington/Baltimore region,” said John Stanchina, President and CEO of MMA’s Mid-Atlantic Region.
“Joining MMA is the next step in our evolution,” said Dan Glusica, founder and President of EBG. John Williams, Vice President and co-founder, added: “As part of MMA, we will have access to a wider array of services and solutions to meet the needs of our clients, and our employees will have greater growth opportunities.”
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. MMA offers commercial property, casualty, personal lines, employee health & benefits and retirement consulting services to midsize businesses and individuals across North America.
A global leader in insurance broking and innovative risk management solutions, Marsh ’s 30,000 colleagues advise individual and commercial clients of all sizes in over 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue over US$14 billion and nearly 65,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms. In addition to Marsh, MMC is the parent company of Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.
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KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
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SOURCE: Marsh & McLennan Agency LLC
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PUB: 03/04/2019 09:00 AM/DISC: 03/04/2019 09:01 AM