M&A Deal Summary

Marsh & McLennan Agency Acquires FBBINSURANCE

On April 23, 2024, Marsh & McLennan Agency acquired insurance company FBBINSURANCE from Trustmark National Bank for 316M USD

Acquisition Highlights
  • This is Marsh & McLennan Agency’s 63rd transaction in the Insurance sector.
  • This is Marsh & McLennan Agency’s largest (disclosed) transaction.
  • This is Marsh & McLennan Agency’s 67th transaction in the United States.
  • This is Marsh & McLennan Agency’s 1st transaction in Mississippi.

M&A Deal Summary
Date 2024-04-23
Target FBBINSURANCE
Sector Insurance
Buyer(s) Marsh & McLennan Agency
Sellers(s) Trustmark National Bank
Deal Type Divestiture
Deal Value 316M USD

Target

FBBINSURANCE

Jackson, Mississippi, United States
FBBINSURANCE provides commercial property/casualty insurance, surety, and employee benefits services to businesses and individuals across the Southeast. FBBINSURANCE was founded in 1936 and is based in Jackson, Mississippi.

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Buyer(S) 1

Buyer

Marsh & McLennan Agency

White Plains, New York, United States

website

Category Company
Founded 2008
Sector Insurance
DESCRIPTION

Marsh & McLennan Agency LLC is a subsidiary of Marsh serve as a platform for the middle market. MMA offers commercial property, casualty, personal lines, and employee benefits to clients across the US.

DEAL STATS #
Overall 68 of 69
Sector (Insurance) 63 of 64
Type (Divestiture) 2 of 2
State (Mississippi) 1 of 1
Country (United States) 67 of 68
Year (2024) 3 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 Louisiana

Baton Rouge, Louisiana, United States

Louisiana provides business and personal lines insurance to businesses and individuals with specific expertise serving the construction, manufacturing, distributor, healthcare, and hospitality industries. Louisiana was founded in 1890 and is based in Baton Rouge, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 ACRM

Melville, New York, United States

ACRM is an independent commercial lines brokerage. ACRM primarily offers property/casualty insurance to businesses in the region, with a particular focus on the construction industry. ACRM was founded in 2012 and is based in Melville, New York.

Buy -

Seller(S) 1

SELLER

Trustmark National Bank

Jackson, Mississippi, United States

website

Category Company
Founded 1889
Sector Financial Services
DESCRIPTION

Trustmark National Bank engages in the personal and business banking services.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 2 of 2
State (Mississippi) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-15 Trustmark - Corporate Trust Business

Jackson, Mississippi, United States

Trustmark's Corporate Trust Business engages in providing a wide variety of trust and agency services in connection with debt securities issued by public corporations and government entities.

Sell -
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