Marsh & McLennan Agency (MMA) has purchased Capstone Insurance Services in Greenville, South Carolina, for an undisclosed sum, as part of its ongoing business expansion strategy.
Established in 1995, Capstone offers property/casualty insurance and risk management services to businesses and individuals across South Carolina.
As per terms of the transaction, all of Capstone’s management team and staff will join MMA’s Mid-Atlantic region and merge into MMA’s existing Greenville, South Carolina, office, which was established with the 2012 acquisition of Rosenfeld Einstein.
Marsh & McLennan Agency Mid-Atlantic region vice chairman Thomas Brown said, "Capstone is a great addition to further increase our presence in South Carolina. We are pleased to be gaining a high caliber of local talent to enhance the resources available to our clients."
Marsh & McLennan Agency was founded in 2008 to meet the needs of midsize businesses in the US. The company trades autonomously from Marsh to offer commercial property, casualty, personal lines, and employee benefits to clients across the US.