Marsh McLennan Agency to Acquire Accel Holdings, Inc.

WHITE PLAINS--(BUSINESS WIRE)--Marsh McLennan Agency (MMA), a business of Marsh (NYSE:MRSH) and a leading provider of business insurance, employee health and benefits, retirement and wealth, and private client insurance solutions across the US and Canada, today announced that it has reached an agreement to acquire Accel Holdings, Inc., a leading diversified independent insurance and advisory firm headquartered in Waverly, Iowa. Terms of the acquisition, which is expected to close in the third quarter, were not disclosed.

The Accel Group was founded in 1936, further establishing its legacy through a strategic merger with Millhiser Smith Agency in 2018, which itself was founded in 1928. Today, the firm provides commercial and personal insurance, employee benefits, and agribusiness solutions, as well as wealth management and retirement advisory services. The Accel Group operates seven offices across Iowa, Illinois, Missouri, and Kansas, and has over 130 employees, all of whom are expected to join MMA from their current locations.

“The Accel Group is one of the industry’s leading firms due to its hands-on service, deep local ties, and proactive approach to managing risk. Combined with MMA’s broader capabilities, we can deliver even more value to the businesses, families, and agricultural organizations that count on Accel and need integrated solutions to grow with confidence,” said David Eslick, CEO of MMA.

“The Accel Group has a strong reputation because of its talented team and client-first culture. It is an excellent fit for our business and the clients we serve,” said Ryan Watkins, CEO of MMA’s Upper Midwest region. “In addition to expanding our geographic footprint in Iowa and strengthening our presence in neighboring states, Accel’s retirement and wealth capabilities and extensive agribusiness knowledge will enhance our current offerings and the value we provide to our clients.”

Corey Rekers, President of Property & Casualty Insurance at The Accel Group, added: “MMA’s national platform, global resources, and specialized capabilities build upon the strong foundation Accel has established for nearly 100 years. We’re excited about the future, the opportunity to expand our vision, and the ability to elevate how we serve our clients.”

About Marsh McLennan Agency
Marsh McLennan Agency is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Marsh McLennan Agency, visit marshmma.com, or follow us on LinkedIn and X.