Marsh & McLennan Agency Acquires Corporate Consulting Services
04 April 2016 - 11:00PM
Business Wire
New York Firm Expands Employee Benefits
Expertise in Northeast Region
Marsh & McLennan Agency LLC (MMA), the middle market agency
subsidiary of Marsh, today announced it has acquired Corporate
Consulting Services, Ltd., a New York-based insurance brokerage and
human resource consulting firm. Terms of the transaction were not
disclosed.
Established in 1989, Corporate Consulting Services (CCS)
specializes in providing employee benefits, retirement planning,
and human resource consulting services to a diverse range of
clients in the non-profit and for-profit sectors across the
Northeast.
CCS generates $6 million in annual revenues and has 20
employees, all of whom are joining MMA’s Northeast region. CCS will
continue to operate out of its New York office under the leadership
of its President and CEO Grant Dougherty. CCS will immediately
begin operating under the Marsh & McLennan Agency name.
“We are delighted to welcome CCS’ talented and experienced
leaders and colleagues to MMA,” said Anthony Gruppo, CEO of MMA’s
Northeast region. “With the addition of CCS, we further enhance our
employee benefits platform and design to better serve the needs of
our clients in the Northeast region.”
Mr. Dougherty said: “As the healthcare and human resource
landscape continues to evolve, joining forces with MMA provides our
clients with access to even greater depth and breadth of expertise
and a wider array of services and solutions.”
Commenting on the transaction, David Eslick, MMA chairman and
CEO, said: “CCS is a welcome addition to our expanding roster of
high-quality agencies that comprise Marsh & McLennan
Agency.”
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.
In 2015, it expanded its national footprint into Canada. MMA offers
commercial property, casualty, personal lines, and employee
benefits to midsize businesses and individuals across North
America.
About Marsh
Marsh is a global leader in insurance broking and risk
management. Marsh helps clients succeed by defining, designing, and
delivering innovative industry-specific solutions that help them
effectively manage risk. Marsh’s approximately 30,000 colleagues
work together to serve clients in more than 130 countries. Marsh is
a wholly owned subsidiary of Marsh & McLennan Companies
(NYSE:MMC), a global professional services firm offering clients
advice and solutions in the areas of risk, strategy, and people.
With annual revenue of US$13 billion and approximately 60,000
colleagues worldwide, Marsh & McLennan Companies is also the
parent company of Guy Carpenter, a leader in providing risk and
reinsurance intermediary services; Mercer, a leader in talent,
health, retirement, and investment consulting; and Oliver Wyman, a
leader in management consulting. Follow Marsh on Twitter,
@MarshGlobal; LinkedIn; Facebook; and YouTube.
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version on businesswire.com: http://www.businesswire.com/news/home/20160404005094/en/
Marsh & McLennan Agency LLCJaci Wright, 201-845-6600
x11234JWright@mma-ne.com
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