Marsh & McLennan Agency Acquires Elsey & Associates
04 11월 2013 - 11:37PM
Business Wire
TEXAS SURETY AND INSURANCE SPECIALIST TO JOIN
MMA SOUTHWEST REGION
Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance
broker Marsh Inc., today announced the acquisition of Elsey &
Associates, a $4.5 million revenue agency based in Spring, Texas.
Terms of the transaction were not disclosed.
Founded in 1978 as a provider of surety bonds and insurance
coverage to the construction industry, Elsey & Associates has
expanded over the years to offer a wide range of property/casualty
and employee benefit products and services to a number of different
businesses and individuals. All of Elsey’s leadership and
employees, including President David Groppell and Chief Operating
Officer Sharen Groppell, will join MMA and operate within the MMA
Southwest region.
“Elsey & Associates’ strong community presence in the
Houston area, dedication to service excellence, and top-notch
leadership make it an excellent fit for MMA,” said Anthony Gruppo,
CEO for MMA’s Southwest region, based in Houston. “We are delighted
to welcome David, Sharen and the rest of the Elsey & Associates
team to MMA. Their addition enables us to expand our construction
capabilities and offer greater resources and a broader platform to
serve the needs of clients throughout the Southwest.”
David Groppell added: "Joining MMA is an excellent opportunity
for Elsey & Associates to build upon its success over the last
35 years. With the resources that MMA provides, our clients now
have a wider range of products and services that address their
emerging needs."
Commenting on the transaction, David Eslick, chairman and CEO of
MMA, said: “Elsey & Associates is a great fit to MMA and
another example of our strategy to add high caliber, local talent
and expertise to enhance the resources available to our
clients.”
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.
Marsh & McLennan AgencySally Roberts, 303 952
9453sally.roberts@marsh.comorLee Ann Farwell, 212 345
1125leeann.farwell@marsh.com
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