Marsh & McLennan Agency has boosted its capacity in benefits consulting with the acquisition of Benefits Advisory Group. The deal, the value of which has not been disclosed, sees Benefits Advisory Group’s team, including owner Al NeSmith, transfer to Marsh & McLennan’s Atlanta operation.
Benefits Advisory Group (BAG) is based in Atlanta, Georgia. The firm, established in 2003 to support clients with improving the effectiveness of their employee benefit packages, provides advisory aimed at reducing total costs for benefit packages, as well as a range of human resources and compensation audit offerings. The firm’s services include Employee Benefit Consulting, Benefit Communication and Enrolment, Technology Services and Integrated Healthcare Solutions, among others.
Through the acquisition, Marsh & McLennan Agency (MMA), a mid-market insurance and advisory firm, boosts its regional mid-market capacity within the employee benefits consulting space. The move will see BAS’s team, including owner Al NeSmith, transfer to the existing Atlanta based operation of MMA. The value of the deal has not been disclosed. Earlier this year MMA, who is no stranger to inorganic growth in the mid-market space, already acquired Aviation Solutions, Corporate Consulting Services and Celedinas Insurance Group.
Thomas Brown, Vice Chairman of MMA’s Mid-Atlantic region, says that the firm is “pleased” about the addition of NeSmith and his team to the firm's Mid-Atlantic operation. “Benefits Advisory Group brings a complementary set of talent that will enhance our employee benefits offering in the Atlanta market,” Brown adds.
Commenting on the transaction, Al NeSmith says he is excited to join MMA and the regional partners in the Mid-Atlantic. “This relationship will enable us to continue to offer best-in-class employee benefits solutions to our clients with a broader range of best-in-class products and services,” he responds.