Marsh McLennan Acquires 2 Louisiana Agencies

Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced that it signed agreements to acquire two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies, doubling the firm’s presence in the state.

Based in Shreveport, Q&N was founded in 1914 and offers business insurance, employee benefits, and alternative risk financing consulting to a variety of businesses with specific expertise in energy services, commercial contractors, and transportation.

Based in Baton Rouge, Louisiana Companies was founded in 1890 and provides business and personal lines insurance to businesses and individuals with specific expertise serving the construction, manufacturing, distributor, healthcare, and hospitality industries.

Upon closing, Louisiana Companies and Q&N’s employees, including George Nelson, Managing Director and Co-owner of Louisiana Companies and Q&N, Mike Belanger, President, Chief Operating Officer (COO) and Co-owner of Q&N, and Ryan Allen, Chief Sales Officer of Louisiana Companies, will join MMA and continue to operate out of their four offices across the state. Kevin Briggs, currently President and COO of Louisiana Companies, will become CEO of both agencies and Mr. Nelson will become a senior advisor.

Topics
Mergers & Acquisitions
Agencies
Louisiana

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