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Marsh & McLennan Agency L.L.C., the middle market agency subsidiary of Marsh L.L.C., on Tuesday said it has acquired Lee’s Summit, Missouri-based Aviation Solutions L.L.C.
Terms of the transaction were not disclosed.
Aviation Solutions is an aviation risk advisor and insurance broker that offers customized aviation risk insurance programs for individual, corporate, and commercial clients across the U.S.
Aviation Solutions will operate out of Marsh & McLennan Agency’s Overland Park, Kansas, office, Marsh & McLennan Agency said in a statement. According to a company spokeswoman, Aviation Solutions will keep its name and change to Marsh & McLennan Agency within a year or so.
“The addition of this tremendous professional team in Overland Park provides specialized aviation industry expertise and experience that will benefit clients throughout the upper Midwest and across the country,” David Eslick, chairman and CEO of Marsh & McLennan Agency, said in the statement. “Their exemplary leadership and reputation for being client-focused make them excellent additions to MMA, and I welcome them to the firm.”
Marsh & McLennan Cos. Inc., the ultimate parent of Marsh & McLennan Agency, is the world’s largest insurance brokerage, according to Business Insurance’s latest ranking.
Marsh & McLennan Cos. Inc.'s fourth-quarter 2015 revenue rose 2.8% over the corresponding period a year earlier to $3.34 billion, Marsh & McLennan announced Thursday.