Marsh McLennan Agency (MMA) has acquired insurance agency Acumen Solutions Group, based in Melville, New York, US.
Financial details about the deal were not shared.
Set up in 2012, Acumen Solutions Group is known for offering tailored insurance offerings to both businesses and individuals throughout the US, with a focus on the construction, real estate, and aviation sectors.
MMA Northeast CEO Jerry Alderman said: “We have long admired Acumen’s industry expertise and commitment to clients. As part of Marsh McLennan Agency, Acumen will be able to offer a wider range of creative solutions and capabilities to clients in the region.”
As part of the deal, all Acumen employees, including president Tony D’Elia, will become part of MMA and continue their operations from the company’s Melville office.
D’Elia said: “MMA and Acumen share an unwavering commitment to operating with integrity and a client-first philosophy. This is an exciting next chapter for our agency as our colleagues gain access to enhanced resources and a powerful network of industry leaders that enable us to deliver even more advanced risk mitigation strategies for those we serve.”
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By GlobalDataThis latest acquisition follows MMA’s purchase of McGriff Insurance Services in November 2024.
The McGriff deal was valued at $7.75bn and added more than 3,500 McGriff employees to MMA.
MMA offers a variety of insurance solutions, including business insurance, employee health and benefits, retirement and wealth, and private client insurance services across North America.
Its parent company, Marsh McLennan, is known for advising on risk, strategy, and human capital, serving clients in 130 countries through its four businesses – Marsh, Guy Carpenter, Mercer, and Oliver Wyman.