Marsh & McLennan Agency Acquires Celedinas Insurance Group

March 2, 2016

Marsh & McLennan Agency LLC (MMA) has acquired Celedinas Insurance Group, a Palm Beach Gardens, Florida-based independent insurance agency that generates roughly $22 million in annual revenue. All 120 Celedinas employees and leadership, including CEO Ray Celedinas, will join MMA and continue operating under the Celedinas name as a Marsh & McLennan Agency company; terms were not disclosed.

Buyers
Marsh & McLennan Agency LLC
Targets
Celedinas Insurance Group
Industry
Insurance
Location
Florida, United States
Transaction Type
Buyout

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