Marsh & McLennan Agency LLC (MMA) has acquired Cline Wood Agency, a suburban Kansas City-based independent specialty insurance agency.
Terms of the transaction were not disclosed.
Founded in 1984, Cline Wood specializes in providing property/casualty insurance and risk management and safety services to clients of all sizes operating within the commercial transportation and agribusiness industries.
Cline Wood generates $15 million in annual revenues and has 73 employees who operate out of three offices in Leawood, Kan.; Arlington, Texas; and St. Louis, Mo.
All of Cline Wood’s employees and leadership, including founders John Cline and Mike Wood and CEO Carol Barnett, are joining MMA’s upper Midwest region, which is under the leadership of regional CEO Bill Jeatran.
Source: Marsh & McLennan Agency
Topics Mergers & Acquisitions Kansas
Was this article valuable?
Here are more articles you may enjoy.
Hackers Behind MGM Attack Targeting Financial Sector in New Campaign 
Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes 
Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance 
Worsening Weather Igniting $25 Billion Weather Derivatives Market 
