Marsh McLennan (NYSE: MMC) has just completed the acquisition of McGriff Insurance Services, LLC. With this acquisition, McGriff's more than 3,500 colleagues will join Marsh McLennan Agency. Marsh McLennan's President and CEO, John Doyle, expressed excitement about the acquisition, noting that McGriff's deep specialty and industry capabilities will strengthen Marsh McLennan Agency's value proposition and expand its reach in the growing middle market.
David Eslick, Chairman and CEO of Marsh McLennan Agency, highlighted the potential for enhancing client-centric capabilities with the addition of McGriff's talent, leadership, and expertise. He emphasized the goal of serving more businesses and communities across the country and providing innovative, actionable solutions to clients.
Read Davis, CEO of McGriff, emphasized that by joining Marsh McLennan Agency, their teammates will gain access to expanded global resources and industry knowledge to drive career growth and continue delivering dedicated client-first strategies.
Marsh McLennan, a global leader in risk, strategy, and people, operates in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. The company boasts annual revenue of $23 billion and employs more than 85,000 colleagues.
The acquisition signifies a strategic move for Marsh McLennan to enhance its capabilities and expand its reach, leveraging McGriff's expertise to deliver greater value to clients. Following these announcements, the company's shares moved 0.3%, and are now trading at a price of $222.14. Check out the company's full 8-K submission here.
