Marsh & McLennan Agency acquires Capstone Insurance Services
New York, NY | Friday, 04 April 2014
Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh LLC, today announced it has acquired Capstone Insurance Services LLC, a USD 1.8 million revenue agency located in Greenville, South Carolina. Terms of the transaction were not disclosed.
Founded in 1995, Capstone provides property/casualty insurance and risk management solutions to businesses and individuals across South Carolina. All of Capstone’s leadership and employees will join MMA’s Mid-Atlantic region and merge into MMA’s existing Greenville, South Carolina, office, which was established with the 2012 acquisition of Rosenfeld Einstein.
“Capstone is a great addition to further increase our presence in South Carolina. We are pleased to be gaining a high caliber of local talent to enhance the resources available to our clients,” said Thomas R. Brown, vice chairman of MMA’s Mid-Atlantic region.
Jack Puckett, President of Capstone, said: “We are excited to embark on Capstone’s next chapter as part of Marsh & McLennan Agency. With the tremendous capabilities and resources that MMA brings to bear, we will be even better positioned to help our clients identify, manage, and transfer their risks.”
David Eslick, chairman and CEO of Marsh & McLennan Agency, added: “Marsh & McLennan Agency continues to successfully attract the best and the brightest in the industry to join what has become one of the preeminent insurance firms in the nation. We welcome Capstone to MMA and look forward to further increasing our presence in South Carolina.”
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.