Marsh McLennan Agency, a subsidiary of Marsh, said it has a definitive agreement to acquire one of the largest agencies in the Southeast鈥揊isher Brown Bottrell Insurance Inc.
Marsh McLennan Agency will pay $316 million in cash, subject to customary purchase price adjustments, to acquire Fisher Brown Bottrell. The transaction is expected to close during the second quarter, pending regulatory approvals.
Headquartered in Jackson, Mississippi, and founded in 1936, Fisher Brown Bottrell is one of the top five largest bank-affiliated insurance agencies in the country. It is a subsidiary of Trustmark National Bank.
Fisher Brown Bottrell specializes in providing commercial property/casualty insurance, surety, and employee benefits services to businesses and individuals across the Southeast. Upon closing, the team, including CEO Scott Woods, will join Marsh McLennan Agency and continue to operate out of their 10 offices in Mississippi, Alabama, and Florida.
Fisher Brown Bottrell was named one of Insurance Journal’s Best Independent Insurance Agencies to Work For in 2020.
Topics Mergers & Acquisitions
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