Listen to this articleWhite Plains-based Marsh McLennan Agency (MMA), has acquired Melville-based Acumen Solutions Group.
Terms of the transaction were not disclosed. All Acumen employees, including President Tony D’Elia, will join MMA, and continue to operate in Melville.
A business of Marsh, MMA is a provider of business insurance, employee health and benefits, retirement and wealth, and private client insurance solutions across North America.
Founded in 2012, Acumen provides customized insurance programs to businesses and individuals across the country, with specialties in the construction, real estate and aviation industries.
“We have long admired Acumen’s industry expertise and commitment to clients,” Jerry Alderman, CEO of MMA’s Northeast region, said in a news release about the acquisition.
“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,” Alderman added.
“MMA and Acumen share an unwavering commitment to operating with integrity and a client-first philosophy,” D’Elia said in the news release.
“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,” D’Elia added.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.