M&A Deal Summary

Marsh & McLennan Agency Acquires Steinberg & Associates

On September 1, 2022, Marsh & McLennan Agency acquired insurance company Steinberg & Associates

Acquisition Highlights
  • This is Marsh & McLennan Agency’s 57th transaction in the Insurance sector.
  • This is Marsh & McLennan Agency’s 59th transaction in the United States.
  • This is Marsh & McLennan Agency’s 2nd transaction in South Carolina.

M&A Deal Summary
Date 2022-09-01
Target Steinberg & Associates
Sector Insurance
Buyer(s) Marsh & McLennan Agency
Deal Type Add-on Acquisition

Target

Steinberg & Associates

Spartanburg, South Carolina, United States
website
Steinberg & Associates is an independent agency, that offers employee health and benefits, estate planning, and private client services to midsize businesses and individuals throughout South and North Carolina and Georgia. Steinberg & Associates was founded in 1969 and is based in Spartanburg, South Carolina.

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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 60 of 68
Sector (Insurance) 57 of 63
Type (Add-on Acquisition) 59 of 66
State (South Carolina) 2 of 2
Country (United States) 59 of 67
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-05 CS Insurance

Chicago, Illinois, United States

CS Insurance is a full-service insurance agency, providing employee health and benefits, business insurance, and risk management consulting services to organizations of all sizes across the US. CS Insurance was founded in 2009 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 McDonald Zaring

Walla Walla, Washington, United States

McDonald Zaring is a full-service agency that serves individuals and businesses across all industries and sizes, including agri-business, wineries, financial institutions, health clinics, and contractors. McDonald Zaring was founded in 1932 and is based in Walla Walla, Washington.

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