Marsh & McLennan Agency Acquires J.W. Terrill
July 01 2015 - 01:40PM
Business Wire
St. Louis Agency Expands MMA’s Footprint into
Missouri
Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh,
today announced it has acquired St. Louis, Missouri-based J.W.
Terrill, one of the largest independent agencies in the Midwest.
Terms of the transaction were not disclosed.
With this acquisition, MMA expands its growing national
footprint into Missouri and reinforces its commitment to building
one of the nation’s preeminent insurance agencies serving the risk
management and employee benefits needs of middle market
companies.
Founded in 1972, J.W. Terrill provides commercial and personal
insurance, surety bonds, risk management and loss control, employee
benefits, and benefits administration services to clients
throughout the US. It has approximately 195 employees and generates
$32 million in revenues. All of J.W. Terrill’s employees and
leadership, including CEO Andrew Thome, will join MMA’s upper
Midwest region and continue to operate out of its office in St.
Louis, Missouri.
“With its strong leadership, commitment to client service, and
blend of risk management and employee benefits service offerings,
J.W. Terrill is a perfect fit to join MMA,” said David Eslick, MMA
chairman and CEO. “I welcome Andy Thome and his team and look
forward to expanding our presence in the Midwest.”
Mr. Thome added: “As we enter the next chapter in J.W. Terrill's
43-year history, we are excited to join forces with MMA and provide
our clients with an array of expanded services and our colleagues
with additional opportunities. Our team is looking forward to
retaining our successful operating model and culture while being
able to collaborate with the great MMA agencies across the United
States.”
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC, a subsidiary of Marsh, was
established in 2008 to meet the needs of midsize businesses in the
US. MMA offers commercial property, casualty, personal lines, and
employee benefits to clients across the US.
About Marsh
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 27,000 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
57,000 colleagues worldwide and annual revenue exceeding US$13
billion, 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, or
on LinkedIn, Facebook and YouTube.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150701006393/en/
MarshSally Roberts, 303-952-9453sally.roberts@marsh.comorJ.W.
TerrillDavid Burjoski, 314-594-2795dburjoski@jwterrill.com
Marsh and McLennan Compa... (NYSE:MMC)
Historical Stock Chart
From Feb 2024 to Mar 2024
Marsh and McLennan Compa... (NYSE:MMC)
Historical Stock Chart
From Mar 2023 to Mar 2024