Marsh McLennan Agency, a subsidiary of Marsh, has acquired Hudson Shore Group, a public and private sector employee benefits broker based in Red Bank, New Jersey, US, in an undisclosed transaction.
Founded in 2010, Hudson Shore Group specialises in public sector clients, providing employee benefits, consulting, and administrative services with a focus on large group and alternative-funded benefits programs.
According to the announcement, Derek Dailey, founder and CEO, alongside all Hudson Shore Group employees will continue working out of their New Jersey office.
Jerry Alderman, CEO of Marsh McLennan Agency’s Northeast region, said: “The Hudson Shore Group team is known for developing and managing comprehensive employee benefits solutions that mitigate the rising costs of healthcare for local school districts and municipalities as well as for small and midsize businesses.
“Hudson Shore Group is a well-respected employee benefits broker that will further expand our employee health and benefits programs, making this the right decision for our clients and our team.”
Dailey commented: “Joining Marsh McLennan Agency was the best decision we could make for Hudson Shore Group clients and employees. Our clients will benefit from a wider array of industry-leading specialists, services, and resources that will support their growing needs and provide measurable value, while our colleagues will see greater opportunities for growth and personal development.”
Hudson Shore Group is one of Marsh McLennan Agency’s latest acquisitions. Back in May, the company announced the acquisition of Perkins Insurance Agencies, an independent agency providing commercial property and casualty (P&C) and personal lines coverage to West Texas-based organisations, non-profits, and families.
