Marsh & McLennan Agency to Acquire Centurion
03 4월 2019 - 10:00PM
Business Wire
Pennsylvania Firm Will Enhance MMA’s Retirement
Consulting Capabilities
Marsh & McLennan Agency LLC (MMA), the middle-market
subsidiary of Marsh, today announced that it has reached agreement
to acquire Centurion, the Plymouth Meeting, Pennsylvania-based
retirement consulting, asset management, and benefit-plan advisory
firm. Terms of the transaction, which is expected to close in the
second quarter of 2019, were not disclosed.
Established in 2006, Centurion provides institutional retirement
plan consulting and fiduciary services to clients with combined
plan assets in excess of $16 billion and over 400,000 participants.
Additionally, the company provides private wealth management,
financial planning services, and institutional pension consulting
as well as employee group benefit consulting.
Upon closing, Centurion will become part of Trion Group, a Marsh
& McLennan Agency. Jim Hageney, who has served as a Managing
Partner of Centurion since its formation, will continue to lead the
group.
“We are delighted to welcome Centurion’s talented and
experienced retirement consulting services, investment and health
professionals to MMA,” said Chris Veno, co-CEO of Trion. “The
addition of Centurion will enhance our offerings and expand our
expertise, especially in retirement planning, and enable us to
provide even greater support to our clients.”
Mr. Hageney said: “Joining the MMA team gives us the opportunity
to provide additional innovative resources and solutions to our
clients while creating new growth opportunities for our
colleagues.”
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.
MMA offers commercial property, casualty, personal lines, and
employee benefits to midsize businesses and individuals across
North America.
About Marsh
Marsh is the world’s leading insurance broker and risk adviser.
With over 35,000 colleagues operating in more than 130 countries,
Marsh serves commercial and individual clients with data driven
risk solutions and advisory services. 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$15 billion and
75,000 colleagues worldwide, MMC helps clients navigate an
increasingly dynamic and complex environment through four
market-leading firms: Marsh, Guy Carpenter, Mercer, and Oliver
Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook;
and YouTube, or subscribe to
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version on businesswire.com: https://www.businesswire.com/news/home/20190403005219/en/
Lauren PerryTrion Group, a Marsh & McLennan Agency LLC
Company610.945.1159Lauren.Perry@trion-mma.com
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