Marsh Acquires Wortham Insurance

Marsh McLennan Agency Acquires Graham Company

August 1, 2023

Insurance

Marsh McLennan Agency, a subsidiary of Marsh, has acquired Philadelphia-based Graham Company, a risk management consultancy and independent insurance and employee benefits broker. All 215 Graham employees will join Marsh McLennan Agency, enabling the firm to expand its business insurance and employee benefits capabilities in the East region.

Marsh Acquires Honan Insurance Group

August 21, 2023

Insurance

Marsh, a business of Marsh McLennan, has agreed to acquire 100% of Honan Insurance Group Pty Ltd, including the 80% stake held by TA Associates. The acquisition — terms not disclosed and subject to regulatory approvals — brings Honan’s specialist corporate risk, employee benefits and strata/real estate insurance capabilities and ~400 employees across Australia, New Zealand and Asia into Marsh to deepen its regional and specialty insurance offering.

Marsh & McLennan Agency Acquires MHBT Inc.

June 1, 2015

Insurance

Marsh & McLennan Agency LLC (MMA) has acquired Dallas-based MHBT Inc., one of the nation's largest independent insurance brokers. MHBT’s 350 employees and five Texas offices will join MMA and the acquisition will serve as MMA’s Southwest regional hub to expand its presence and capabilities in the region.

Marsh Acquires Majority Stake in Marsh India (Raises to 92%)

December 23, 2021

Insurance

Marsh has increased its shareholding in Marsh India Insurance Brokers Pvt. Ltd. from 49% to 92%, acquiring shares from local partners including Rampart Trust with approval from the IRDAI. The move gives Marsh majority control of the Mumbai-based broker (18 branches, ~1,300 employees, 5,500 corporate clients) to strengthen its presence and expand risk and insurance advisory services across India.

Allworth Financial Acquires Houston Asset Management

April 1, 2020

Wealth Management

Allworth Financial, a Sacramento-based RIA backed by Parthenon Capital, has acquired Houston Asset Management, an investment advisory firm managing approximately $450 million in client assets. The deal adds HAM’s 13 employees and more than 680 households to Allworth’s platform as part of its continued roll-up strategy and supports HAM’s succession planning and access to enhanced technology and capabilities.

Hub International Acquires Merriwether & Williams Insurance Services, Inc.

May 2, 2024

Insurance

Hub International Limited has acquired Merriwether & Williams Insurance Services, Inc., a California-based insurance brokerage and risk management firm with locations in San Francisco and Los Angeles. The acquisition strengthens Hub's aligned risk management and commercial insurance capabilities in Central & Northern California; terms were not disclosed.