Marsh McLennan to Acquire McGriff Insurance Services in $7.75 Billion Deal
September 30, 2024
Marsh McLennan announced it has reached an agreement to acquire McGriff Insurance Services, an affiliate of TIH, through its Marsh McLennan Agency business. The all-cash deal values McGriff at $7.75 billion and is expected to close by year-end, subject to regulatory approvals. Marsh McLennan later completed the acquisition, with McGriff’s 3,500+ employees joining Marsh McLennan Agency.
- Buyers
- Marsh McLennan, Marsh McLennan Agency
- Targets
- McGriff Insurance Services, LLC
- Sellers
- TIH (affiliate) / TIH, LLC (as referenced via McGriff being an affiliate of TIH)
- Platforms
- Marsh McLennan Agency
- Industry
- Financial Services
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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