White Plains-based Marsh McLennan Agency has announced the acquisition of SOLV Risk Solutions LLC, an independent agency based in Austin, Texas. Terms of the acquisition were not disclosed.
Founded in 2016, SOLV provides risk management advisory services to businesses, family offices, and private equity firms across the country. Frank Barbella, founder and CEO of SOLV, and his four-member team will join Marsh McLennan Agency and work out of the Houston and Austin offices.
“SOLV was founded upon an entrepreneurially driven mission to bring clients innovative strategies to risk management,” commented Matt Stadler, CEO of Marsh McLennan Agency”™s Southwest region. “This commitment to client-service and data-driven insights will be a great asset to our customers, and we look forward to welcoming the SOLV team to Marsh McLennan Agency.”
