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.
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Source: Marsh
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