Marsh & McLennan (MMC) Unit's Buyout Boosts Southeast Presence

Marsh & McLennan Companies, Inc.'s (MMC) Marsh McLennan Agency ("MMA"), a division of MMC's Marsh business, recently closed the buyout of Mississippi-based Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE). An agreement to acquire FBBINSURANCE was inked by MMA with Trustmark National Bank in April and was completed within the targeted timeline of the second quarter of 2024. Per the terms of the deal, Marsh McLennan Agency will pay a cash consideration of $315.9 million, subject to customary purchase pric ...