M&A Deal Summary

Marsh & McLennan Agency Acquires Otis-Magie Insurance Agency

On December 11, 2018, Marsh & McLennan Agency acquired insurance company Otis-Magie Insurance Agency

Acquisition Highlights
  • This is Marsh & McLennan Agency’s 44th transaction in the Insurance sector.
  • This is Marsh & McLennan Agency’s 44th transaction in the United States.
  • This is Marsh & McLennan Agency’s 6th transaction in Minnesota.

M&A Deal Summary
Date 2018-12-11
Target Otis-Magie Insurance Agency
Sector Insurance
Buyer(s) Marsh & McLennan Agency
Deal Type Add-on Acquisition

Target

Otis-Magie Insurance Agency

Duluth, Minnesota, United States
Otis-Magie Insurance Agency, Inc. is a provider of business insurance, employee benefits, and personal insurance products and services to clients throughout the northern Minnesota region. Otis-Magie Insurance Agency, Inc. was founded in 1979 and is based in Duluth, Minnesota.

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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 45 of 71
Sector (Insurance) 44 of 66
Type (Add-on Acquisition) 45 of 69
State (Minnesota) 6 of 7
Country (United States) 44 of 70
Year (2018) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 James P. Murphy & Associates

Norwalk, Connecticut, United States

James P. Murphy & Associates, Inc. is an independent insurance agency. James P. Murphy & Associates serves the insurance needs of a diverse range of businesses, individuals, and families across the Northeast. James P. Murphy & Associates, Inc. was founded in 1994 and is based in Norwalk, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Bouchard Insurance

Clearwater, Florida, United States

Bouchard Insurance, Inc. is an insurance agency, that provides business and personal insurance services. Bouchard Insurance, Inc. was founded in 1948 and is based in Clearwater, Florida.

Buy -
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