Marsh & Mclennan Agency Acquires Employee Benefits Group
New York | March 04, 2019
Acquisition Expands MMA’s Presence in the Mid-Atlantic
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 joining MMA.
“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.”
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 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$15 billion and 75,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.