Marsh’s retail agency business has acquired Trion Group Inc., the largest privately held employee benefits specialist in the United States with $74 million in annual revenue.
Terms of the deal were not disclosed.
Conshohocken, Pennsylvania-based Trion offers consulting, brokerage, group disability and life, absence management, voluntary benefits, and benefit administration services to clients across the country.
Trion is the sixth acquisition Marsh & McLennan Agency has made since its launch last year. With the Trion acquisition, Marsh’s agency business now has annual revenue of approximately $260 million.
Trion’s four principals, Ed Garno Jr., Ed Garno III, Dave Oberkircher, and Chris Veno will continue to lead Trion as part of Marsh & McLennan Agency, and all of Trion’s employees are expected to remain wit the company.
__
Source: Marsh
Was this article valuable?
Here are more articles you may enjoy.
Ex-NFL Player Sentenced to 16 Years in Prison for $200M Medicare Fraud Scheme 
Can Trump’s New FEMA Pick Save the Beleaguered Disaster Agency? 
US Efforts to End Iran War Stumble as Ship Seized Near UAE 
Some College Finals Delayed After Canvas Online Platform Hacked 
