Marsh & McLennan Agency acquires Corporate Consulting Services

White Plains, NY   |   Luni, 04 Aprilie 2016

New York Firm Expands Employee Benefits Expertise in Northeast Region

Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced it has acquired Corporate Consulting Services, Ltd., a New York-based insurance brokerage and human resource consulting firm. Terms of the transaction were not disclosed.

Established in 1989, Corporate Consulting Services (CCS) specializes in providing employee benefits, retirement planning, and human resource consulting services to a diverse range of clients in the non-profit and for-profit sectors across the Northeast.

CCS generates USD 6 million in annual revenues and has 20 employees, all of whom are joining MMA’s Northeast region. CCS will continue to operate out of its New York office under the leadership of its president and CEO, Grant Dougherty. CCS will immediately begin operating under the Marsh & McLennan Agency name.

“We are delighted to welcome CCS’ talented and experienced leaders and colleagues to MMA,” said Anthony Gruppo, CEO of MMA’s Northeast region. “With the addition of CCS, we further enhance our employee benefits platform and design to better serve the needs of our clients in the Northeast region.”

Mr. Dougherty said: “As the healthcare and human resource landscape continues to evolve, joining forces with MMA provides our clients with access to even greater depth and breadth of expertise and a wider array of services and solutions.”

Commenting on the transaction, David Eslick, MMA chairman and CEO, said: “CCS is a welcome addition to our expanding roster of high-quality agencies that comprise Marsh & McLennan Agency.”

About Marsh

Marsh is the world’s leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US$17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.