M&A
confidence high
sentiment positive
materiality 0.85
Marsh McLennan closes $7.75B acquisition of McGriff Insurance Services
MARSH & MCLENNAN COMPANIES, INC.
- MMA completed acquisition of McGriff Parent for $7.75 billion in cash; McGriff's 3,500+ colleagues join Marsh McLennan Agency.
- Company assumes ~$500 million deferred tax asset in conjunction with the transaction.
- Bridge term loan facility with Citigroup terminated on Nov 8, 2024; no payments required.
- McGriff, founded 1886, is a leading U.S. insurance broking and risk management services provider.