Marsh McLennan Agency said it has a definite agreement to buy Illinois-based brokerage The Horton Group, Inc.
Terms were not disclosed. The deal is expected to close during the third quarter 2024.
“We have been impressed by the Horton team and their capabilities for many years and are thrilled to welcome them to Marsh McLennan Agency,” said Tony Chimino, CEO of Marsh McLennan Agency’s Midwest region. “From their industry specialties to breadth of expertise, they share our passion for bringing clients a strategic approach to risk management.”
Orland Park, Illinois-based Horton Group’s CEO, Dan Horton, will join the subsidiary of Marsh, as will Horton employees upon closing of the acquisition. Horton’s nine existing offices will continue to operate.
Founded in 1971, Horton offers property/casualty insurance, employee benefits consultation, and personal lines coverage to businesses and individuals across Indiana, Illinois, Wisconsin, Minnesota, and Florida.
The Horton Group was ranked No. 50 in the Insurance Journal Top 100 Independent Property/Casualty Agencies report in 2023, with nearly $60 million in P/C revenue.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
CSU Research Team Increases Atlantic Hurricane Forecast 
Insurance Broker TWFG Aims to Raise Up to $176M in IPO 
State Farm Seeking Large Rate Increases in Wildfire-Prone California 
AT&T Says Data From Around 109M Customer Accounts Illegally Downloaded 
