Marsh & McLennan Agency LLC has acquired San Diego, Calif.-based Barney & Barney LLC.
Terms of the deal were not disclosed.
Barney & Barney is a provider of insurance, risk management and employee benefits to businesses and individuals. The firm has a reported annual revenue of $100 million and 500 employees, all of whom will join MMA, according to a company announcement.
Barney & Barney will serve as MMA’s Western regional hub under the leadership of Barney & Barney CEO Paul Hering, the announcement states.
Marsh & McLennan Agency, a subsidiary of Marsh, was established in 2008 to meet the needs of midsize businesses in the U.S. MMA, which has acquired numerous agencies since its founding, said Barney & Barney is its largest acquisition.
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