Continuing its strategy for expansion, Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., today announced the acquisition of Brower Insurance Agency, one of the largest independent agencies in Ohio. Terms of the transaction were not disclosed.
Headquartered in Dayton, Ohio, Brower has annual revenues of approximately $24 million and 164 employees in four Ohio offices: Dayton, Cincinnati, Columbus and Springfield. Brower provides property/casualty insurance, employee benefits services and consulting services to midsize businesses and individuals. The firm has specialty practices in surety, construction, health care, transportation, and schools and municipalities.
According to MMA, Brower will serve as the agency’s Midwest hub as it seeks to expand its footprint in the region through further spoke and fold-in acquisitions. All of Brower’s leadership and employees, including Managing Principal Chris McAtee, will join MMA.
