Marsh Inc. announced the signing of a definitive agreement to sell Crump Group Inc., its U.S.-based wholesale broking operation, to an affiliate of J.C. Flowers & Co. LLC, a New York-based private equity firm.
Banc of America Securities LLC acted as financial advisor to Marsh, and Lazard acted as financial advisor to J.C. Flowers & Co. The consummation of the transaction is subject to normal and customary closing conditions.
Marsh has nearly 30,000 employees and annual revenues exceeding $5 billion.
Was this article valuable?
Here are more articles you may enjoy.
Door of Swiss Bar Where 40 Died in Fire Was Locked, Says RTS 
Florida Lawmakers Ready for Another Shot at Litigation Funding Limits 
Warburg Mulls $1 Billion Sale of London Insurance Broker McGill 
SIAA Announces Strategic Partnership With Progressive 
