Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh LLC, today announced it has acquired Capstone Insurance Services LLC, a $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.” 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. About Marsh Marsh, a global leader in insurance broking and risk management, teams with its clients to define, design, and deliver innovative industry-specific solutions that help them protect their future and thrive. It has approximately 26,000 colleagues who collaborate to provide advice and transactional capabilities to clients in over 100 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy, and human capital. With over 53,000 employees worldwide and annual revenue exceeding $11 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; Mercer, a global leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a global leader in management consulting. Follow Marsh on Twitter @Marsh_Inc.