Marsh McLennan Agency, a subsidiary of Marsh, has announced the acquisition of Perkins Insurance Agencies, an independent agency based in Abilene, Texas.
The primary reason for this acquisition is to expand Marsh McLennan Agency’s offerings in West Texas. The terms of the acquisition were not disclosed.
Perkins Insurance Agencies offers services to businesses, non-profits, and families in West Texas. The agency has expertise in several sectors, including the oil and gas, trucking, farm and ranch, and restaurant industries.
This acquisition allows Marsh McLennan Agency to enhance its local presence and service offerings in the region. By integrating Perkins Insurance, Marsh McLennan Agency aims to leverage its new team’s expertise to better serve the West Texas community’s risk mitigation needs.
All employees of Perkins, including CEO Mark Perkins, will continue to operate from their current offices in Abilene and Eastland, Texas.
Additionally, the acquisition aligns with Marsh McLennan Agency’s strategic goal to provide high-quality client service tailored to local needs.
This move ensures that local businesses and community members will have access to a broader range of resources and industry-leading experts.
Matt Stadler, CEO of Marsh McLennan Agency’s Southwest region, said, “The Perkins team is known for high-quality client service tailored to the unique needs of their community. As we look to expand our offerings in West Texas, their reputation for impactful commercial and personal insurance solutions made this the right decision for our team.”
Perkins CEO Mark Perkins also commented on the acquisition, stating, “We are constantly looking for new ways to better serve the West Texas community in their evolving risk mitigation needs. Joining Marsh McLennan Agency was the best decision we could make for clients. Our colleagues will now have access to a team of industry-leading experts and resources to deliver even more powerful results for our local businesses and community members.”
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