New Now you can listen to the articles in the Insurance Journal!
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has announced that it has acquired Clark Insurance, a leading independent agency based in Maine, with offices in other states of New England.
The terms of the purchase were not disclosed.
Founded in 1931, Clark Insurance provides insurance, health and employee benefits and private customer service to companies and individuals throughout the region. Headquartered in Portland, Maine, Clark has five additional offices in Windham and Gorham, Maine; Manchester, New Hampshire; and Lowell, Massachusetts. Haberman Insurance, an agency based in West Springfield, Massachusetts, which was acquired by Clark in 2021, is also part of the acquisition.
All 135 employees will join MMA.
Jeff Shaw, president of Clark Insurance, said that MMA will give Clark customers “access to more tools and resources,” and his colleagues “will see new opportunities for growth and development.”
Shaw added that “the company’s commitment to supporting local communities will remain a priority.”
MMA has 9,000 colleagues in 160 offices in North America,
Mergers and acquisitions
Was this article valuable?
Here are some articles you might like.
interested in Mergers?
Receive automatic alerts for this topic.