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Marsh McLennan Agency (MMA) has expanded its presence in the Mid-Atlantic region by acquiring Pelnik Insurance, a prominent independent agency based in North Carolina. Founded in 1994 and employing 19 people, Pelnik specializes in business insurance, employee health and benefits, and private client services. All Pelnik employees will join MMA, enhancing the agency's capabilities and client offerings in the region. CEO John Stanchina emphasized the strategic importance of this acquisition for growth and quality service delivery.
Positive
Acquisition strengthens MMA's position in the Mid-Atlantic market.
Enhanced service capabilities with the addition of Pelnik's team.
Pelnik's established client base will contribute to revenue growth.
Negative
None.
EXPANDS PRESENCE IN MID-ATLANTIC REGION
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--
Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced the acquisition of Pelnik Insurance, a leading independent agency in North Carolina. Terms of the acquisition were not disclosed.
Founded in 1994, Pelnik Insurance, led by CEO Chris Pelnik, offers business insurance, employee health and benefits, and private client services to midsize businesses and individuals throughout the Mid-Atlantic. Pelnik has 19 employees across offices in Cary and Greensboro, North Carolina, all of whom will join MMA.
“Pelnik Insurance has a talented team dedicated to delivering quality client service. With the addition of Pelnik Insurance, we continue to expand our reach and broaden our client offerings across North Carolina and the region,” commented John Stanchina, CEO of MMA’s Mid-Atlantic region.
Mr. Pelnik added: “Joining MMA is an opportunity to provide our colleagues growth opportunities and give clients access to the capabilities of an organization respected for its expertise and resources.”
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 8,000 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.
