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Marsh & McLennan Agency acquires The Benefit Planning Group

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Marsh & McLennan Agency L.L.C., a subsidiary of Marsh L.L.C., on Thursday said it has acquired Durham, North Carolina-based employee benefit consulting firm The Benefit Planning Group Inc.

A spokeswoman for White Plains, New York-based Marsh & McLennan Agency declined to comment on the terms of the deal, which were not disclosed.

The Benefit Planning Group specializes in providing employee benefits and insurance services to the health care community, including medical schools, physicians and medical practices, Marsh & McLennan Agency said in the statement.

The Benefit Planning Group’s founder and president, Mike Waters, and its 14 employees will join Marsh & McLennan Agency’s mid-Atlantic region and continue to operate out of The Benefit Planning Group’s Durham office, according to the statement.

“BPG brings a diverse skill set in a segment of the market that has the potential for tremendous growth,” Thomas R. Brown, vice chairman of MMA’s mid-Atlantic region, said in the statement.

“The opportunity to more broadly distribute our proprietary benefits offerings, while also expanding our services to clients through MMA’s resources, makes this a winning strategy for everyone,” Mr. Waters said in the statement.

Marsh & McLennan Agency closed nine acquisitions in 2014, including The Benefits Planning Group, according to the spokeswoman.

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