Marsh McLennan Agency (MMA) is doubling its presence in Louisiana via two acquisitions.
Expected to be completed by the end of the first quarter, the transactions involve Querbes & Nelson in Shreveport and Louisiana Companies in Baton Rouge. Financial terms of the deals were not disclosed.
In a release, MMA said: “Upon closing, Louisiana Companies and Q&N’s employees, including George Nelson, managing director and co-owner of Louisiana Companies and Q&N, Mike Belanger, president, chief operating officer and co-owner of Q&N, and Ryan Allen, chief sales officer of Louisiana Companies, will join MMA and continue to operate out of their four offices across the state.”
Louisiana Companies president and COO Kevin Briggs will take the helm at both middle-market agencies as chief executive. Nelson, meanwhile, will become a senior advisor.
Founded in 1914, Q&N specializes in business insurance, employee benefits, and alternative risk financing consulting. Its key industries are energy services, commercial contractors, and transportation.
An older business, Louisiana Companies has been trading since 1890, providing business and personal lines insurance with a focus on the construction, manufacturing, distributor, healthcare, and hospitality sectors.
Nelson commented: “We are thrilled to be joining the Marsh McLennan Agency team. This was the right decision for our businesses as we continue looking for new ways to offer the best possible risk management solutions for clients.
“Our employees will now have access to a larger inventory of resources to not only help their clients achieve their goals but to accomplish their own professional goals.”
Matt Stadler, CEO of MMA’s Southwest region, had this to say: “Querbes & Nelson and Louisiana Companies are leading agencies with unwavering commitment to client service and deep expertise in key industries.
“Louisiana is home to a diverse and resilient economy that these two organizations will help us serve with impactful solutions to minimize risk.”
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