M&A Deal Summary

Marsh & McLennan Agency Acquires Heritage Insurance Service

On December 2, 2020, Marsh & McLennan Agency acquired insurance company Heritage Insurance Service

Acquisition Highlights
  • This is Marsh & McLennan Agency’s 50th transaction in the Insurance sector.
  • This is Marsh & McLennan Agency’s 51st transaction in the United States.
  • This is Marsh & McLennan Agency’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2020-12-02
Target Heritage Insurance Service
Sector Insurance
Buyer(s) Marsh & McLennan Agency
Deal Type Add-on Acquisition

Target

Heritage Insurance Service

Louisville, Kentucky, United States
Heritage Insurance Service, Inc. is a provider of business, auto, and home insurance services and solutions, with specialized expertise in the trucking and transportation industry. Heritage Insurance Service was founded in 1974 and is based in Louisville, Kentucky.

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Buyer(S) 1

Buyer

Marsh & McLennan Agency

White Plains, New York, United States
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 52 of 71
Sector (Insurance) 50 of 66
Type (Add-on Acquisition) 51 of 69
State (Kentucky) 1 of 2
Country (United States) 51 of 70
Year (2020) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Assurance Holdings

Schaumburg, Illinois, United States

Assurance Holdings, Inc. is a full-service brokerage providing business insurance, employee benefits, private client insurance, and retirement services to businesses and individuals across the country. Assurance Holdings was founded in 1961 and is based in Schaumburg, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 INSPRO Insurance

Lincoln, Nebraska, United States

INSPRO Insurance is a provider of business insurance, employee benefits, and personal lines insurance services to individuals, families, and small and midsize businesses. INSPRO Insurance was founded in 1964 and is based in Lincoln, Nebraska.

Buy -
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