Continuing its strategy to build a national platform, Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., today announced the acquisition of Brower Insurance Agency, one of the largest independent agencies in Ohio. Terms of the transaction were not disclosed.
Founded in 1935 and headquartered in Dayton, Ohio, Brower has annual revenues of approximately $24 million and 164 employees in four Ohio offices: Dayton, Cincinnati, Columbus, and Springfield. Brower provides property/casualty insurance, employee benefits services, and consulting services to midsize businesses and individuals. The firm has specialty practices in surety, construction, health care, transportation, and schools and municipalities.
Brower will serve as MMA’s Midwest hub and will seek to expand MMA’s footprint in the region through further spoke and fold-in acquisitions. All of Brower’s leadership and employees, including Managing Principal Chris McAtee, will join MMA.
“Brower’s strong regional presence, top-notch leadership, sales-oriented culture, and diversified mix of business were very attractive as we looked for a quality partner to join MMA,” said David Eslick, chairman and CEO of MMA. “We welcome Chris and the rest of the Brower team to MMA and look forward to expanding our presence in the Midwest.”“Joining MMA represents an excellent growth opportunity for Brower,” Mr. McAtee said. “As part of MMA, we will be able to continue our strong legacy of developing and delivering innovative, value-driven insurance and risk management programs to our clients while also having access to the support and resources of the world’s leading insurance broker and risk advisor.” About Marsh & McLennan Agency Marsh & McLennan Agency LLC, a subsidiary of Marsh, was established in 2008 to meet the needs of midsize businesses in the U.S. MMA operates autonomously from Marsh to offer commercial property, casualty, personal lines, and employee benefits to clients across the U.S.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV