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Marsh McLennan Agency (MMA) has acquired Clark Insurance, a prominent independent agency in Maine, enhancing its presence in the New England region. Founded in 1931, Clark Insurance offers comprehensive business and personal insurance services. The acquisition includes Clark's five offices, with all 135 employees transitioning to MMA. CEO Jerry Alderman noted that Clark's reputation for quality service and a collaborative culture aligns with MMA's values. This strategic move aims to provide clients with improved resources and opportunities, further strengthening MMA's market position.
Positive
Acquisition of Clark Insurance expands MMA's presence in the New England region.
Clark Insurance has a strong reputation for quality service and expertise.
The acquisition includes all 135 employees, enhancing MMA's workforce.
Clients will gain access to more tools and resources under MMA.
Negative
None.
Expands Presence in New England Region
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--
Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced the acquisition of Clark Insurance, a leading independent agency in Maine. Terms of the acquisition were not disclosed.
Founded in 1931, Clark Insurance is a full-service agency providing business insurance, employee health and benefits, and private client services to businesses and individuals across the region. Headquartered in Portland, Maine, Clark has five additional offices in Windham and Gorham, Maine; Manchester, New Hampshire; and Lowell, Massachusetts. Haberman Insurance, a full-service agency based in West Springfield, Massachusetts and acquired by Clark in 2021 is also part of the acquisition. All 135 employees will be joining MMA.
“Clark Insurance is respected across the region for their quality service and expertise, as well as the colleague-focused culture that sets them apart from other agencies,” commented Jerry Alderman, CEO of MMA’s New England region. “Both the Clark team and MMA share a dedication to serving clients, colleagues, and the community and we’re excited to have them on board.”
Jeff Shaw, President of Clark Insurance, said, “MMA opens a new chapter for our organization and our key constituents. Operating with the strength and resources of Marsh McLennan Agency will give our clients access to more tools and resources to reach their goals. Our colleagues will see new opportunities for growth and development, and our commitment to supporting local communities will remain a top priority.”
About Marsh McLennan Agency
Marsh McLennan Agency (MMA) provides business insurance, employee health & benefits, retirement, and private client insurance solutions to organizations and individuals seeking limitless possibilities. With 9,000 colleagues and 160 offices across North America, MMA combines the personalized service model of a local consultant with the global resources of the world’s leading professional services firm, Marsh McLennan (NYSE: MMC).
About Marsh
Marsh is the world’s leading insurance broker and risk advisor. With around 40,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue over $18 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. For more information, visit mmc.com, follow us on LinkedIn and Twitter or subscribe to BRINK.
