M&A Deal Summary

Marsh & McLennan Acquires McGriff

On November 15, 2024, Marsh & McLennan acquired insurance company McGriff

Acquisition Highlights
  • This is Marsh & McLennan’s 13th transaction in the Insurance sector.
  • This is Marsh & McLennan’s 8th transaction in the United States.
  • This is Marsh & McLennan’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-11-15
Target McGriff
Sector Insurance
Buyer(s) Marsh & McLennan
Deal Type Add-on Acquisition

Target

McGriff

Charlotte, North Carolina, United States
McGriff is a provider of insurance broking and risk management services. McGriff was founded in 1886 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Marsh & McLennan

New York, New York, United States
Category Company
Founded 1871
Sector Insurance
Employees85,000
Revenue 22.7B USD (2023)
DESCRIPTION

Marsh & McLennan is a global professional services firm offering clients advice and solutions in risk, strategy and people. Marsh & McLennan is the parent company of a number of risk experts and specialty consultants, including: Marsh, the insurance broker, intermediary and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman Group, the management, economic and brand consultancy. Marsh & McLennan was established in 1871 and is based in New York City.

DEAL STATS #
Overall 16 of 16
Sector (Insurance) 13 of 13
Type (Add-on Acquisition) 15 of 15
State (North Carolina) 1 of 1
Country (United States) 8 of 8
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 Cardano

London, United Kingdom

Cardano provides a range of fiduciary management, investment advisory services, and liability-driven investing and derivatives solutions to both defined benefit (DB) and defined contribution (DC) pension schemes in the UK and the Netherlands. Cardano was formed in 2000 and is headquartered in London, England.

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