Marsh McLennan Agency, a subsidiary of Marsh, reported it has acquired AC Risk Management (ACRM), an independent commercial lines brokerage based in Melville, New York.
Terms of the acquisition were not disclosed.
Founded in 2012, ACRM primarily offers property/casualty insurance to businesses in the Long Island area, with a focus on the construction industry.
All ACRM employees, including CEO Matt Avellino, will continue working out of their existing Melville office, according to the announcement by Jerry Alderman, CEO of Marsh McLennan Agency’s Northeast region.
The announcement comes about a week after Marsh McLennan Agency agreed to acquire one of the largest agencies in the Southeast—Fisher Brown Bottrell Insurance, Inc. of Jackson, Mississippi.
Topics Mergers & Acquisitions Agencies
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