Marsh McLennan Agency to Acquire Querbes & Nelson and Louisiana Companies
20 Février 2024 - 4:30PM
Business Wire
Doubles presence in Louisiana
Marsh McLennan Agency (MMA), a subsidiary of Marsh, today
announced that it signed agreements to acquire two Louisiana-based
middle-market agencies, Querbes & Nelson (Q&N) and
Louisiana Companies, doubling the firm’s presence in the state.
Based in Shreveport, Q&N was founded in 1914 and offers
business insurance, employee benefits, and alternative risk
financing consulting to a variety of businesses with specific
expertise in energy services, commercial contractors, and
transportation.
Based in Baton Rouge, Louisiana Companies was founded in 1890
and provides business and personal lines insurance to businesses
and individuals with specific expertise serving the construction,
manufacturing, distributor, healthcare, and hospitality
industries.
Upon closing, Louisiana Companies and Q&N’s employees,
including George Nelson, Managing Director and Co-owner of
Louisiana Companies and Q&N, Mike Belanger, President, Chief
Operating Officer (COO) and Co-owner of Q&N, and Ryan Allen,
Chief Sales Officer of Louisiana Companies, will join MMA and
continue to operate out of their four offices across the state.
Kevin Briggs, currently President and COO of Louisiana Companies,
will become CEO of both agencies and Mr. Nelson will become a
senior advisor.
“Querbes & Nelson and Louisiana Companies are leading
agencies with unwavering commitment to client service and deep
expertise in key industries. Louisiana is home to a diverse and
resilient economy that these two organizations will help us serve
with impactful solutions to minimize risk,” said Matt Stadler, CEO
of MMA’s Southwest region.
“We are thrilled to be joining the Marsh McLennan Agency team,”
said Mr. Nelson. “This was the right decision for our businesses as
we continue looking for new ways to offer the best possible risk
management solutions for clients. Our employees will now have
access to a larger inventory of resources to not only help their
clients achieve their goals, but to accomplish their own
professional goals.”
Mr. Briggs added: “As new threats continue to emerge for our
clients, we must stay ahead of the curve to deliver effective risk
mitigation strategies that address their distinct risk profiles.
Coming aboard Marsh McLennan Agency, we are looking forward to
providing clients with more tools and resources to protect their
workforce and their operations.”
The transactions are expected to close by the end of the first
quarter of 2024. Terms were not disclosed.
About Marsh McLennan Agency
Marsh McLennan Agency provides business insurance, employee
health & benefits, retirement & wealth, and private client
insurance solutions to organizations and individuals seeking
limitless possibilities. With 10,000 colleagues and 180 offices
across North America, Marsh McLennan Agency combines the
personalized service model of a local consultant with the global
resources of the world’s leading professional services firm, Marsh
McLennan (NYSE: MMC).
About Marsh
Marsh is the world’s leading insurance broker and risk advisor.
With more than 45,000 colleagues advising clients in over 130
countries, Marsh serves commercial and individual clients with
data-driven risk solutions and advisory services. Marsh is a
business of Marsh McLennan (NYSE: MMC), the world’s leading
professional services firm in the areas of risk, strategy and
people. With annual revenue of $23 billion, Marsh McLennan helps
clients navigate an increasingly dynamic and complex environment
through four market-leading businesses: Marsh, Guy Carpenter,
Mercer and Oliver Wyman. For more information, visit marsh.com, and
follow us on LinkedIn and X.
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version on businesswire.com: https://www.businesswire.com/news/home/20240220347572/en/
Lexie O’Connor Media Relations +1 857 772 0150
alexandra.oconnor@MarshMMA.com
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