Marsh McLennan Agency buys Fisher Brown Bottrell Insurance in $345mn all-cash deal

Published: Tue 30 Apr 2024

Marsh McLennan Agency (MMA) has struck a deal to acquire bank-owned top-100 agency Fisher Brown Bottrell Insurance (FBBI) in a $345mn all-cash deal that values FBBI at almost six times its $58mn 2023 revenue and 28 times its latest net income.