Marsh & McLennan Agency Acquires Ironwood Insurance Services
16 1월 2020 - 11:00PM
Business Wire
Atlanta Agency Adds Significant Private Equity
Expertise
Marsh & McLennan Agency LLC (MMA), the middle market agency
subsidiary of Marsh, today announced the acquisition of Ironwood
Insurance Services, LLC, one of the leading independent brokers in
the Southeast. Terms of the transaction were not disclosed.
Founded in 2007 and based in Atlanta, Georgia, Ironwood provides
commercial property/casualty insurance, employee benefits, and
private client solutions to midsize businesses and individuals
throughout the US. Ironwood is a leading provider of pre-close due
diligence, transactional solutions, and risk management services to
private equity funds and their portfolio companies. It also has
dedicated expertise in serving the real estate, construction,
energy, manufacturing, professional services, and health care
industries.
Ironwood’s 85 colleagues will continue to operate out of the
firm’s existing Atlanta and Charlotte, North Carolina, offices.
Will Underwood, founder and CEO of Ironwood, will continue to serve
as CEO and will take on the additional role of Private Equity
Center of Excellence Leader for MMA, nationally. Partners Matt
Lovein and Matt Hene will become co-Presidents of Ironwood.
David Eslick, CEO of MMA, commented: “The private equity, merger
and acquisition space is a dynamic, fast growing market in our
industry. We are proud to welcome Ironwood to MMA and expand our
capabilities and resources under Will, Matt, and Matt’s
leadership.”
Peter Krause, President of MMA Southeast, said: “Ironwood’s
vision for growth, dynamic culture, and commitment to client
service make them a terrific fit for MMA’s growing national
footprint. Will and his team have built a premier brokerage
firm.”
Mr. Underwood added: “We are thrilled to join MMA and to
continue our commitment to client service, employee development,
and community involvement. Our culture and track record of offering
industry-leading solutions and services will thrive in an
organization like MMA.”
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 business of Marsh
& McLennan Companies (NYSE: MMC), the leading global
professional services firm in the areas of risk, strategy and
people. With annual revenue approaching US$17 billion and 76,000
colleagues worldwide, MMC helps clients navigate an increasingly
dynamic and complex environment through four market-leading
businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow
Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or
subscribe to BRINK.
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version on businesswire.com: https://www.businesswire.com/news/home/20200116005071/en/
Sally Roberts Marsh 303.952.9453 Sally.roberts@marsh.com
Darenda Huguley MMA 706.733.1128 Dhuguley@jsmithlanier.com
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