Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Ironwood Insurance Services, LLC, an independent broker in the Southeast. Terms of the transaction were not disclosed.
Founded in 2007 and based in Atlanta, Ironwood provides commercial property/casualty insurance, employee benefits, and private client solutions to midsize businesses and individuals throughout the US. Ironwood specializes in pre-close due diligence, transactional solutions, and risk management services to private equity funds and their portfolio companies.
It also has dedicated expertise in serving the real estate, construction, energy, manufacturing, professional services, and health care industries.
Ironwood’s 85 colleagues will continue to operate out of the firm’s existing Atlanta and Charlotte, N.C., offices. Will Underwood, founder and CEO of Ironwood, will continue to serve as CEO and will take on the additional role of Private Equity Center of Excellence leader for MMA, nationally. Partners Matt Lovein and Matt Hene will become co-Presidents of Ironwood.
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
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