Marsh & McLennan Agency Acquires Corporate Consulting Services
White Plains, NY | April 04, 2016
New York Firm Expands Employee Benefits Expertise in Northeast Region
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced it has acquired Corporate Consulting Services, Ltd., a New York-based insurance brokerage and human resource consulting firm. Terms of the transaction were not disclosed.
Established in 1989, Corporate Consulting Services (CCS) specializes in providing employee benefits, retirement planning, and human resource consulting services to a diverse range of clients in the non-profit and for-profit sectors across the Northeast.
CCS generates $6 million in annual revenues and has 20 employees, all of whom are joining MMA’s Northeast region. CCS will continue to operate out of its New York office under the leadership of its President and CEO Grant Dougherty. CCS will immediately begin operating under the Marsh & McLennan Agency name.
“We are delighted to welcome CCS’ talented and experienced leaders and colleagues to MMA,” said Anthony Gruppo, CEO of MMA’s Northeast region. “With the addition of CCS, we further enhance our employee benefits platform and design to better serve the needs of our clients in the Northeast region.”
Mr. Dougherty said: “As the healthcare and human resource landscape continues to evolve, joining forces with MMA provides our clients with access to even greater depth and breadth of expertise and a wider array of services and solutions.”
Commenting on the transaction, David Eslick, MMA chairman and CEO, said: “CCS is a welcome addition to our expanding roster of high-quality agencies that comprise Marsh & McLennan Agency.”
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.
About Marsh & McLennan Companies
MARSH & McLENNAN COMPANIES (NYSE: MMC) is a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. Marsh is a leader in insurance broking and risk management; Guy Carpenter is a leader in providing risk and reinsurance intermediary services; Mercer is a leader in talent, health, retirement and investment consulting; and Oliver Wyman is a leader in management consulting. With annual revenue of $13 billion and approximately 60,000 colleagues worldwide, Marsh & McLennan Companies provides analysis, advice and transactional capabilities to clients in more than 130 countries. The Company is committed to being a responsible corporate citizen and making a positive impact in the communities in which it operates. Visit www.mmc.com for more information and follow us on LinkedIn and Twitter @MMC_Global.
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.