Marsh & McLennan Agency Acquires Presidio Benefits Group
December 01 2016 - 2:00PM
Business Wire
San Francisco Firm Further Enhances Employee
Benefits Capabilities in West Region
Marsh & McLennan Agency LLC (MMA), the middle market agency
subsidiary of Marsh, today announced it has acquired Presidio
Benefits Group, a San Francisco-based employee benefits consulting
firm. Terms of the transaction were not disclosed.
Founded in 2006, Presidio offers a wide range of employee
benefits and human resource services to employers in the Bay Area.
All of Presidio’s employees, including its founders Alan Ikeya and
Matthew Coan, are joining MMA and will operate out of MMA’s
existing San Francisco office.
“Presidio’s talented and experienced employee benefits
professionals share our same core values of putting clients’
interests first and providing exceptional service,” said Paul
Hering, MMA’s Western Region CEO. “I welcome Alan, Matt, and the
rest of the Presidio team to MMA and look forward to working
together to deliver innovative solutions that help address the
myriad of risk and benefit challenges facing local businesses.”
“We are excited to join MMA, and look forward to delivering
expanded solutions and services to our clients and providing
additional opportunities for our employees,” Presidio’s Mr. Ikeya
said.
Mr. Coan added: “MMA has an amazing team with a world class
product and service platform, and joining them puts us in the best
position possible for serving our clients’ diverse needs as well as
giving our colleagues enhanced career 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.
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.
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 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161201006215/en/
Marsh & McLennan Agency LLCSally Roberts,
303-952-9453sally.roberts@marsh.comorErin Quigley,
858-875-5406erinq@barneyandbarney.com
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