View this article online: https://www.insurancejournal.com/news/national/2005/09/07/59242.htm

Marsh Inks Definitive Agreement to Sell Crump Group

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.