M&A
confidence high
sentiment positive
materiality 0.85
Marsh McLennan to acquire McGriff Insurance Services for $7.75B cash
MARSH & MCLENNAN COMPANIES, INC.
- McGriff had $1.3B revenue for trailing twelve months ended June 30, 2024.
- Marsh McLennan will assume a deferred tax asset valued at approximately $500M.
- Target close by year-end 2024, subject to regulatory clearance and standard conditions.
- Funding via cash and debt; bridge loan facility of up to $7.75B committed by Citigroup.
- McGriff's CEO Read Davis and 3,500 employees will join Marsh McLennan Agency.