Marsh McLennan strikes $7.75 billion deal for McGriff Insurance Services

(Reuters) -Insurance brokerage Marsh McLennan (NYSE:MMC ) said on Monday it has agreed to buy smaller rival McGriff Insurance Services for $7.75 billion.

McGriff, a provider of insurance broking and risk management services in the U.S., generated $1.3 billion in revenue for the trailing 12 months ended June 30, 2024.

Marsh said it expects the cash deal to close by year-end. It would be funded by a combination of cash and proceeds from debt financing.

Source: Investing.com