Marsh McLennan Agency, a subsidiary of Marsh, announced the acquisition of Philadelphia-based Graham Co., a risk management consultancy and independent insurance and employee benefits brokers.
Founded in 1960, Graham Co. specializes in providing business insurance, employee benefits, and surety brokerage services to companies in a range of high-risk industries, including construction, real estate, manufacturing and distribution, health and human services, and professional services.
Terms of the acquisition were not disclosed. All 215 Graham employees, including President and Chief Operating Officer Ken Ewell and Chairman Bill Graham, will join Marsh McLennan Agency and continue to work from the company”™s offices in Philadelphia and New York City.
“Ken and the Graham team will provide significant business insurance expertise for our clients in the East region, adding to our deep knowledge of the employee health and benefits space,” said Andrew Neary, CEO of Marsh McLennan Agency”™s East region. “We look forward to enhancing the conversations we have with clients about how to maximize efficiencies in their business and realize their ambitious growth strategies.”
This is Marsh McLennan Agency”™s fourth acquisition in two months ”“ the company acquired SOLV Risk Solutions in June and Integrity HR and Trideo Systems in June.
