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.
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Experian Launches Insurance Marketplace App on ChatGPT 
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance 
