Add-on Acquisition • Insurance

Marsh & McLennan Agency Acquires Querbes & Nelson

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date February 20, 2024
Target Querbes & Nelson
Sector Insurance
Buyer(s) Marsh & McLennan Agency
Deal Type Add-on Acquisition

Target Company

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 Overview 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 Context for Buyer #
Overall 67 of 75
Sector: Insurance 62 of 70
Type: Add-on Acquisition 66 of 73
State: Louisiana 3 of 3
Country: United States 66 of 74
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