Marsh & McLennan Agency LLC acquired VISICOR, a full-service employee benefits brokerage and consulting firm based in Friendswood, Texas, expanding the company’s employee benefits capabilities in the Southwestern U.S.
“I’m delighted to welcome VISICOR’s talented and experienced employee benefit specialists to MMA,” said Anthony Gruppo, CEO for Marsh & McLennan Agency’s Southwest region. “The addition enables us to offer greater resources and a broader platform to serve the employee benefit needs of our clients throughout Texas and the Southwest.”
VISICOR provides employee benefits compliance, consulting, and administration and communication services to both public and private employers throughout the state of Texas, bringing in approximately $1.5 million in annual revenue.
All of VISICOR’s leadership and employees will join Marsh & McLennan’s Southwest region, merging into the Agency’s existing office in Houston.
“Becoming a part of Marsh & McLennan Agency is the next step in the evolution of VISICOR,” said Ed Oravetz, president of VISICOR. “Our clients will continue to enjoy the same high-quality service they’ve come to expect from VISICOR while benefiting from a broader array of capabilities and resources through MMA.”
David Eslick, chairman and CEO of Marsh & McLennan Agency, added: “MMA continues to attract the best and brightest in the industry. I welcome Ed Oravetz and the rest of the VISICOR team to MMA as we continue to build one of the nation’s preeminent insurance agencies focused on the middle market.”
Terms of the agreement were not disclosed.