Marsh McLennan Agency (MMA), a division of Marsh (NYSE:MRSH), has announced its agreement to acquire Accel Holdings, Inc., an independent insurance and advisory firm based in Waverly, Iowa.
The acquisition will expand MMA's footprint in the US and Canada, enhancing its offerings in business insurance, employee health and benefits, retirement and wealth, and private client insurance solutions.
The transaction is anticipated to be finalized in the third quarter, although specific financial terms have not been disclosed.
“The Accel Group is one of the industry’s leading firms due to its hands-on service, deep local ties, and proactive approach to managing risk. Combined with MMA’s broader capabilities, we can deliver even more value to the businesses, families, and agricultural organizations that count on Accel and need integrated solutions to grow with confidence,” said David Eslick, CEO of MMA.