Marsh & McLennan Agency Acquires Benefits Advisory Group
White Plains, New York | August 31, 2016
Atlanta-based Firm Adds Further Employee Benefits Expertise to Mid-Atlantic Region
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced it has acquired Benefits Advisory Group, an Atlanta-based employee benefits consulting firm. Terms of the transaction were not disclosed.
Created in 2003, Benefits Advisory Group offers a wide-range of employee benefit services to midsize employers throughout Georgia. All of the firm’s employees, including its owner Al NeSmith, will join MMA and operate as part of MMA’s existing Atlanta operations.
“We are pleased to have Al and his team join the Mid-Atlantic region of MMA. Benefits Advisory Group brings a complementary set of talent that will enhance our employee benefits offering in the Atlanta market,” said Thomas R. Brown, vice chairman of MMA’s Mid-Atlantic region.
Mr. NeSmith added: “We are excited to join MMA and the regional partners in the Mid-Atlantic. This relationship will enable us to continue to offer best-in-class employee benefits solutions to our clients with a broader range of best-in-class products and services.”
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.
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$13 billion and more than 60,000 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, which develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities; Mercer, which delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce; and Oliver Wyman, a critical strategic, economic and brand advisor to private sector and governmental clients. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.