A unit of brokerage powerhouse Marsh & McLennan Companies Inc. waded deeper into the worksite market with one of eight acquisitions made since November 2009 to build a national platform that serves the employee benefits needs of middle-market companies.
This growth strategy has enabled Marsh & McLennan Agency LLC (MMA) to become the nation’s 12th largest insurance agency with about $285 million in annual revenue.
MMA, a subsidiary of Marsh Inc., is on a buying spree that recently included Trion Group Inc., a privately held employee benefits specialist whose product and service offerings include voluntary benefits and benefit administration. Terms of the deal for Trion, which ranks 30th in its market with about $74 million in annual revenues, were not disclosed.
Other firms that have been added into the MMA fold include Insurance Alliance, The NIA Group, Haake Cos., Thomas Rutherfoord Inc., Bostonian Group, Strategic Benefit Solutions, Inc. and RJF Agencies Inc. These acquisitions were described in one recent news account as part of a response to “antitrust litigation charges coupled with a soft pricing environment.”
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