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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