Acquisition Expands Presence in West Texas
White Plains, New York, May 8, 2017 – Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced that it has acquired Insurance Partners of Texas, an Abilene, Texas-based employee benefits consulting firm. Terms of the transaction were not disclosed.
Founded in 2004, Insurance Partners of Texas offers a wide range of employee health and benefits-related services to midsize employers in Texas. All Insurance Partners of Texas employees will join MMA, expanding the firm’s presence into Abilene.
“We are excited to have the talented and experienced employee benefits professionals at Insurance Partners of Texas on our team. This transaction allows us to continue our expansion into West Texas,” said Bill Henry, CEO of MMA’s Southwest region.
Summer Powers, Insurance Partners of Texas Office Leader, added: “Joining MMA enables us to provide additional expertise and resources to our clients as well as meaningful growth opportunities for our colleagues.”
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. In 2015, it expanded its national footprint into Canada. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh’s approximately 30,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and people. With annual revenue of US$13 billion and approximately 60,000 colleagues worldwide, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a leader in providing risk and reinsurance intermediary services; Mercer, a leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a leader in management consulting. Follow Marsh on Twitter, @MarshGlobal; LinkedIn; Facebook; and YouTube.