M&A Deal Summary

Marsh & McLennan Agency Acquires Querbes & Nelson

On February 20, 2024, Marsh & McLennan Agency acquired insurance company Querbes & Nelson

Acquisition Highlights
  • This is Marsh & McLennan Agency’s 62nd transaction in the Insurance sector.
  • This is Marsh & McLennan Agency’s 66th transaction in the United States.
  • This is Marsh & McLennan Agency’s 3rd transaction in Louisiana.

M&A Deal Summary
Date 2024-02-20
Target Querbes & Nelson
Sector Insurance
Buyer(s) Marsh & McLennan Agency
Deal Type Add-on Acquisition

Target

Querbes & Nelson

Shreveport, Louisiana, United States
Querbes & Nelson provides business insurance, employee benefits, and alternative risk financing consulting to a variety of businesses with specific expertise in energy services, commercial contractors, and transportation. Q&N was founded in 1914 and is based in Shreveport Louisiana.

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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 67 of 71
Sector (Insurance) 62 of 66
Type (Add-on Acquisition) 66 of 69
State (Louisiana) 3 of 3
Country (United States) 66 of 70
Year (2024) 2 of 6
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
2024-04-23 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.

Buy $316M
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