Marsh & McLennan Agency (MMA), the New York-based middle market agency of Marsh, has acquired Eustis Insurance & Benefits, an independent insurance agency in Louisiana.
Metairie-based Eustis offers businesses a range of services such as property/casualty, personal lines, employee health and benefits solutions. The firm, established in 1946, employs 109 staff.
The acquired entity will retain its current offices in Metairie, Mandeville, as well as Baton Rouge.
It will now operate under the name Eustis Insurance & Benefits, a Marsh & McLennan Agency LLC company.
Eustis president and CEO Tommy McMahon said: “Joining MMA is the next step in Eustis’ evolution.
“With access to additional resources and capabilities, we will be able to better serve our clients in today’s ever complex environment and provide more growth opportunities for our colleagues while continuing to serve the communities in which we work and live.”
The deal, whose financial terms were not revealed, marks MMA’s debut Louisiana buy.
MMA CEO for Southwest region Bill Henry said: “Eustis’ vision for growth, dynamic culture, and commitment to client service make it a terrific fit for MMA’s growing national footprint.
“I welcome the Eustis team to MMA and look forward to working with them to expand our offerings in the thriving Louisiana market.”