Marsh Completes Acquisition of Iowa’s Accel Holdings

Marsh has completed its previously announced agreement to acquire Accel Holdings, a diversified independent insurance and advisory firm headquartered in Waverly, Iowa. Accel will operate within Marsh Agency. Terms of the acquisition were not disclosed.

With the acquisition now closed, Marsh Agency’s Upper Midwest team has strengthened its presence in Iowa and gained retirement and wealth capabilities, as well as extensive agribusiness knowledge, which will enhance Marsh Agency’s current offerings. All Accel Group colleagues have joined Marsh Agency and will continue to operate from their current locations.

The Accel Group was founded in 1936 and further established its legacy through a strategic merger with Millhiser Smith Agency in 2018, which was founded in 1928. Today, the firm provides commercial and personal insurance, employee benefits, and agribusiness solutions, as well as wealth management and retirement advisory services.

Topics Mergers & Acquisitions