NEW YORK--(BUSINESS WIRE)--Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., today announced the acquisition of Gallagher & Associates Inc., a $1 million property and casualty insurance agency specializing in public school districts. Terms of the transaction were not disclosed.
Gallagher & Associates, based in Blaine, Minnesota, will operate within RJF, a Marsh & McLennan Agency LLC company, adding to the depth of RJF’s property and casualty business. The transaction is the first complementary acquisition for RJF, which MMA acquired in January 2011 to serve as its upper Midwest hub.
Tom Gallagher, John Siffert, and the rest of the Gallagher & Associates team will join RJF’s Minnesota office and continue in their current roles.
“Gallagher & Associates is a high-quality firm with a well-deserved reputation earned through years of exceptional client service and innovation to the public schools sector,” said Bill Jeatran, CEO of RJF/MMA. “We’re thrilled to welcome Tom, John, and the rest of Gallagher & Associates as they share the same core values of putting clients’ interests first and providing innovative business solutions, exceptional service, and expertise.”
“Joining RJF and Marsh & McLennan Agency is the next step in our firm’s evolution,” said Tom Gallagher, principal and founder of Gallagher & Associates. “As part of MMA, our clients will enjoy the same high-quality service they’ve come to expect from us. Additionally they’ll gain new and enhanced capabilities and resources from RJF/MMA to meet their needs.”
David Eslick, chairman and CEO of Marsh & McLennan Agency, said: “Adding high-quality talent and expertise from firms such as Gallagher & Associates is an integral part of Marsh & McLennan Agency’s strategy to build a preeminent national agency primarily serving the needs of the middle market.”
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 independently from Marsh to offer commercial property, casualty, personal lines, and employee benefits to clients across the U.S.
About Marsh
Marsh, the world’s leading insurance broker and risk advisor, teams with its clients to define, design, and deliver innovative industry-specific solutions that help them protect their future and thrive. It has around 25,000 colleagues who collaborate to provide advice and transactional capabilities to clients in over 100 countries. Marsh is a member of Marsh & McLennan Companies, a global professional services firm with 52,000 employees worldwide and annual revenue exceeding $10 billion, which is also the parent company of Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman, the management consultancy. Its stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges. Follow Marsh on Twitter @Marsh_Inc.