Marsh & McLennan Agency, the middle market agency subsidiary of Marsh, today announced it has acquired Corporate Consulting Services, a New York-based insurance brokerage and human resource consulting firm.
Terms of the transaction were not disclosed.
Established in 1989, Corporate Consulting Services (CCS) specializes in providing employee benefits, retirement planning, and human resource consulting services to a diverse range of clients in the non-profit and for-profit sectors across the Northeast.
CCS generates $6 million in annual revenues and has 20 employees, all of whom are joining MMA’s Northeast region. CCS will continue to operate out of its New York office under the leadership of its President and CEO Grant Dougherty. CCS will immediately begin operating under the Marsh & McLennan Agency name.
"We are delighted to welcome CCS’ talented and experienced leaders and colleagues to MMA," said Anthony Gruppo, CEO of MMA’s Northeast region. "With the addition of CCS, we further enhance our employee benefits platform and design to better serve the needs of our clients in the Northeast region."
Mr. Dougherty said: "As the healthcare and human resource landscape continues to evolve, joining forces with MMA provides our clients with access to even greater depth and breadth of expertise and a wider array of services and solutions."
Commenting on the transaction, David Eslick, MMA chairman and CEO, said: "CCS is a welcome addition to our expanding roster of high-quality agencies that comprise Marsh & McLennan Agency."
Marsh & McLennan Agency is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market.
In 2015, it expanded its national footprint into Canada. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.