Marsh McLennan Agency, a subsidiary of Marsh, has entered into a definitive agreement to acquire The Horton Group, Inc., a full-service insurance brokerage based in Illinois, US.
Horton, which was founded in 1971, offers property and casualty insurance, employee benefits consultation, and personal lines coverage to businesses and individuals across Indiana, Illinois, Wisconsin, Minnesota, and Florida.
Upon closing, CEO Dan Horton and the rest of Horton employees will join Marsh McLennan Agency and will continue operating out of their nine existing offices.
Terms of the acquisition have not been disclosed. The deal is anticipated to close within the third quarter of 2024.
Tony Chimino, CEO of Marsh McLennan Agency’s Midwest region, said: “We have been impressed by the Horton team and their capabilities for many years and are thrilled to welcome them to Marsh McLennan Agency.
“From their industry specialties to breadth of expertise, they share our passion for bringing clients a strategic approach to risk management.”
Horton commented: “Marsh McLennan Agency is among the best in the business, and we are proud to be a part of their team. We’re eager to hit the ground running to deliver enhanced solutions for clients as they navigate their unique exposures.”
