Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, announced that it has acquired Employee Benefits Group, Inc., a Bethesda, Maryland-based independent insurance agency specializing in employee benefits and retirement consulting. Terms of the transaction were not disclosed.
Founded in 1987, Employee Benefits Group (EBG) provides employee health and welfare consulting and retirement consulting services to clients throughout the Mid-Atlantic. EBG has 12 employees, all of whom are joining MMA.
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“We are excited to have the EBG team join MMA. They have excelled at providing innovative employee health, benefit, and retirement solutions to their clients. This combination will expand our ability to serve clients in the greater Washington/Baltimore region,” said John Stanchina, President and CEO of MMA’s Mid-Atlantic Region.
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“Joining MMA is the next step in our evolution,” said Dan Glusica, founder and President of EBG. John Williams, Vice President and co-founder, added: “As part of MMA, we will have access to a wider array of services and solutions to meet the needs of our clients, and our employees will have greater growth opportunities.”