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Marsh McLennan buys division
MARLBORO -- Marsh McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., has acquired the employee benefits division of Kaeding, Ernst Company, a Marlboro-based employee benefits, life insurance and financial planning consulting firm. Terms of the transaction were not disclosed, according to a release from Marsh McLennan.
The division, with approximately $600,000 in annual revenue, will become a part of Bostonian Group, a Marsh McLennan Agency company.
The transaction is the second complementary acquisition for Bostonian/MMA, following Continue reading >>>