The transaction marks the first in a series of planned acquisitions that MMA will make to enhance the resources and capabilities of its regional hub operations.
Trion is the sixth acquisition MMA has made since embarking on its strategy in November2009 to build a national platform serving the property and casualty insurance and employee benefits needs of companies across the U.S.
Marsh & McLennan Agency LLC, (MMA) said it has acquired Trion Group, a privately held employee benefits specialist with $74 million in annual revenues.
Marsh & McLennan Agency remains on track to be a "significant player" in the middle commercial market and is primed for additional growth, its chief executive says.
Marsh & McLennan Agency remains on track to be a "significant player" in the brokerage business and is primed for additional growth plans, its chief executive said.
Bostonian Group includes Bostonian Solutions Inc. and Bostonian Group Insurance Agency Inc., which together have 60 employees and about $14 million in annual revenue.