Marsh McLennan Agency acquires Querbes & Nelson and Louisiana Companies
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has officially completed the acquisition of two prominent Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies, marking a significant expansion of its footprint in the state. This move not only doubles MMA’s presence in Louisiana but also brings together a wealth of expertise and resources aimed at delivering enhanced insurance and risk management solutions.
At the forefront of this news is the undisclosed deal value, a common practice in such acquisitions, which underlines the strategic nature of these transactions. With the finalization of these acquisitions, MMA solidifies its commitment to the Louisiana market, leveraging the strong foundations laid by Querbes & Nelson and Louisiana Companies. Kevin Briggs steps into the role of CEO for both firms, with Mike Belanger and Ryan Allen serving as President and Chief Sales Officer of Q&N and Louisiana Companies, respectively. George Nelson remains an integral part of the organizations in a senior advisory capacity.
Querbes & Nelson, headquartered in Shreveport and founded in 1914, brings to the table its specialized expertise in business insurance, employee benefits, and alternative risk financing consulting, with a focus on the energy services, commercial contractors, and transportation sectors. Louisiana Companies, originating from Baton Rouge since 1890, complements this portfolio with its deep knowledge in providing business and personal lines insurance, particularly to the construction, manufacturing, distributor, healthcare, and hospitality industries.
The acquisitions of Querbes & Nelson and Louisiana Companies by Marsh McLennan Agency represent a calculated move to deepen MMA’s operational capabilities and service offerings in Louisiana. By integrating these companies’ specialized knowledge and client-focused services, MMA is poised to deliver a broader spectrum of risk management solutions. This strategy not only fortifies MMA’s market position but also underscores the importance of local expertise in delivering tailored insurance solutions.
Matt Stadler, CEO of MMA’s Southwest region, emphasized the complementary strengths of the acquired agencies, noting their “unwavering commitment to client service and deep expertise in key industries.” This sentiment was echoed by George Nelson, who highlighted the benefits of joining forces with MMA to enhance risk management solutions for clients. Kevin Briggs also pointed out the importance of evolving risk mitigation strategies to address new threats, indicating a forward-looking approach to client service.
In conclusion, the acquisitions of Querbes & Nelson and Louisiana Companies by Marsh McLennan Agency not only mark a significant expansion in Louisiana but also reflect a strategic enhancement of MMA’s service portfolio. This move is expected to offer comprehensive risk management solutions to a broader client base, demonstrating MMA’s commitment to growth and excellence in the insurance industry.