Acquisition Expands MMA’s Presence in the Mid-Atlantic
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
“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
& 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
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
Wyman. Follow Marsh on Twitter @MarshGlobal;
or subscribe to BRINK.
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Source: Marsh & McLennan Agency LLC
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