Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Prescott Pailet Benefits LP (PPB), a $6 million employee benefits broker based in Dallas, Texas. Terms of the transaction were not disclosed.
Formed in 2006 by the combination of Prescott Benefit Services and Pailet Financial Services, PPB offers a diversified mix of health, life, dental, and disability products to a wide range of organizations.
PPB will operate within MMA’s Southwest regional hub created by the November 2009 acquisition of Houston-based Insurance Alliance, further enhancing MMA’s depth and expertise in employee benefits in the region.
All of PPB’s leadership and employees will join MMA and continue their longstanding support of and commitment to philanthropy in the Dallas area.
PPB is the 11th acquisition MMA has made since November 2009.
Source: Marsh & McLennan Agency
Topics Mergers & Acquisitions
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