Marsh McLennan Agency To Acquire Querbes & Nelson And Louisiana Companies; Terms Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Marsh McLennan Agency (MMA), a subsidiary of Marsh & McLennan Companies (MMC), announced the acquisition of two Louisiana-based agencies, Querbes & Nelson and Louisiana Companies, effectively doubling its presence in the state. The acquisitions, expected to close by the end of Q1 2024, aim to enhance MMA's service offerings in key industries such as energy, construction, and healthcare. The terms of the acquisitions were not disclosed.
February 20, 2024 | 3:31 pm
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Marsh & McLennan Companies (MMC) is expanding its subsidiary MMA's presence in Louisiana through the acquisition of Querbes & Nelson and Louisiana Companies, aiming to strengthen its offerings in several key industries.
The acquisition of Querbes & Nelson and Louisiana Companies by MMC's subsidiary MMA is likely to have a positive short-term impact on MMC's stock. This strategic expansion in Louisiana could enhance MMA's competitive position and service offerings in key industries, potentially leading to increased revenue and market share. The positive outlook is based on the strategic nature of the acquisitions and the expected benefits to MMC's subsidiary, although the undisclosed terms add a level of uncertainty to the exact financial impact.
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