Marsh & McLennan Agency LLC has acquired San Diego, Calif.-based Barney & Barney LLC.
Terms of the deal were not disclosed.
Barney & Barney is a provider of insurance, risk management and employee benefits to businesses and individuals. The firm has a reported annual revenue of $100 million and 500 employees, all of whom will join MMA, according to a company announcement.
Barney & Barney will serve as MMA’s Western regional hub under the leadership of Barney & Barney CEO Paul Hering, the announcement states.
Marsh & McLennan Agency, a subsidiary of Marsh, was established in 2008 to meet the needs of midsize businesses in the U.S. MMA, which has acquired numerous agencies since its founding, said Barney & Barney is its largest acquisition.
Topics Mergers & Acquisitions California
Was this article valuable?
Here are more articles you may enjoy.
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
NAIC Victim of Cyber Incident Via PeopleSoft System 
How Insurers Know When It’s Time to Scale AI 
Camp Mystic, Where Texas Floods Killed 28, Files Bankruptcy 
