Marsh McLennan Agency, a subsidiary of Marsh, today announced that it has entered into a definitive agreement to acquire The Horton Group, Inc., a leading Orland Park, IL-based full-service insurance brokerage and one of the top independent insurance brokers in the US. Terms of the acquisition were not disclosed.
Founded in 1971, Horton offers property and casualty insurance, employee benefits consultation, and personal lines coverage to businesses and individuals across Indiana, Illinois, Wisconsin, Minnesota, and Florida. Upon closing, Horton employees, including CEO Dan Horton, will join Marsh McLennan Agency and will continue operating out of their nine existing offices.
"We have been impressed by the Horton team and their capabilities for many years and are thrilled to welcome them to Marsh McLennan Agency," said Tony Chimino, CEO of Marsh McLennan Agency's Midwest region. "From their industry specialties to breadth of expertise, they share our passion for bringing clients a strategic approach to risk management."
Mr. Horton added: "Marsh McLennan Agency is among the best in the business, and we are proud to be a part of their team. We're eager to hit the ground running to deliver enhanced solutions for clients as they navigate their unique exposures."
The deal is anticipated to close within the third quarter of 2024.
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 11,000 colleagues and 200 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240709903218/en/