Marsh & McLennan Agency Acquires Eustis Insurance & Benefits
White Plains, New York | October 03, 2018
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced the acquisition of Eustis Insurance & Benefits, a leading independent insurance agency in Louisiana. Terms of the acquisition were not disclosed.
Founded in 1946 and headquartered in Metairie, Louisiana, Eustis’ 109 employees provide property/casualty, personal lines, and employee health and benefits solutions and expertise to midsize businesses throughout Louisiana, with particular expertise in the hospitality, construction, wholesale, education, and distribution industries.
As part of MMA, Eustis will maintain its existing office locations in Metairie, Mandeville, and Baton Rouge and operate as Eustis Insurance & Benefits, a Marsh & McLennan Agency LLC company. The acquisition marks MMA’s first in Louisiana.
“Eustis’ vision for growth, dynamic culture, and commitment to client service make it a terrific fit for MMA’s growing national footprint,” said Bill Henry, CEO of MMA’s Southwest region. “I welcome the Eustis team to MMA and look forward to working with them to expand our offerings in the thriving Louisiana market.”
Tommy McMahon, Eustis President and CEO, added: “Joining MMA is the next step in Eustis’ evolution. With access to additional resources and capabilities, we will be able to better serve our clients in today’s ever complex environment and provide more growth opportunities for our colleagues while continuing to serve the communities in which we work and live.”
A global leader in insurance broking and innovative risk management solutions, Marsh’s 30,000 colleagues advise individual and commercial clients of all sizes in over 130 countries. 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$14 billion and nearly 65,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms. In addition to Marsh, MMC is the parent company of Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.