Marsh McLennan Agency Acquires Perkins Insurance Agencies; Terms Of The Acquisition Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Marsh McLennan Agency, a subsidiary of Marsh, has acquired Perkins Insurance Agencies, an independent agency based in Abilene, Texas. The terms of the acquisition were not disclosed. Perkins Insurance Agencies specializes in commercial property and casualty and personal lines coverage, particularly in the oil and gas, trucking, farm and ranch, and restaurant industries. All Perkins employees, including CEO Mark Perkins, will remain in their current offices.
May 31, 2024 | 1:04 pm
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Marsh McLennan Agency has acquired Perkins Insurance Agencies, enhancing its service offerings in Texas, particularly in specialized industries like oil and gas, trucking, and farming.
The acquisition of Perkins Insurance Agencies by Marsh McLennan Agency is likely to positively impact MMC's stock in the short term. This move expands MMC's footprint in Texas and enhances its service offerings in specialized industries, which could lead to increased revenues and market share.
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