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Marsh & McLennan Agency Acquires Elsey & Associates
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Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., today announced the acquisition of Elsey & Associates, a $4.5 million revenue agency based in Spring, Texas. Terms of the transaction were not disclosed.

Founded in 1978 as a provider of surety bonds and insurance coverage to the construction industry, Elsey & Associates has expanded over the years to offer a wide range of property/casualty and employee benefit products and services to a number of different businesses and individuals. All of Elsey’s leadership and employees, including President David Groppell and Chief Operating Officer Sharen Groppell, will join MMA and operate within the MMA Southwest region.

“Elsey & Associates’ strong community presence in the Houston area, dedication to service excellence, and top-notch leadership make it an excellent fit for MMA,” said Anthony Gruppo, CEO for MMA’s Southwest region, based in Houston. “We are delighted to welcome David, Sharen and the rest of the Elsey & Associates team to MMA. Their addition enables us to expand our construction capabilities and offer greater resources and a broader platform to serve the needs of clients throughout the Southwest.”

David Groppell added: "Joining MMA is an excellent opportunity for Elsey & Associates to build upon its success over the last 35 years. With the resources that MMA provides, our clients now have a wider range of products and services that address their emerging needs."

Commenting on the transaction, David Eslick, chairman and CEO of MMA, said: “Elsey & Associates is a great fit to MMA and another example of our strategy to add high caliber, local talent and expertise to enhance the resources available to our clients.”

About Marsh & McLennan Agency

Marsh & McLennan Agency LLC, a subsidiary of Marsh, was established in 2008 to meet the needs of midsize businesses in the U.S. MMA operates autonomously from Marsh to offer commercial property, casualty, personal lines, and employee benefits to clients across the U.S.



 
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Sally Roberts
303 952 9453
sally.roberts@marsh.com

Lee Ann Farwell
212 345 1125
leeann.farwell@marsh.com

About Marsh
Marsh is a global leader in insurance broking and risk management. We help clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. We have approximately 27,000 colleagues working together to serve clients in more than 100 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and human capital. With more than 54,000 employees worldwide and approximately $12 billion in annual revenue, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; Mercer, a global leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a global leader in management consulting. Follow Marsh on Twitter @Marsh_Inc.