Marsh & McLennan Agency Acquires J.W. Terrill
New York | July 01, 2015
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.
Marsh is the world’s leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US$17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.