Marsh McLennan Agency, a subsidiary of Marsh, today announced that it has entered into a definitive agreement to acquire The Horton Group, Inc., a leading Orland Park, IL-based full-service insurance brokerage and one of the top independent insurance brokers in the US. Terms of the acquisition were not disclosed.
Founded in 1971, Horton offers property and casualty insurance, employee benefits consultation, and personal lines coverage to businesses and individuals across Indiana, Illinois, Wisconsin, Minnesota, and Florida. Upon closing, Horton employees, including CEO Dan Horton, will join Marsh McLennan Agency and will continue operating out of their nine existing offices.
“We have been impressed by the Horton team and their capabilities for many years and are thrilled to welcome them to Marsh McLennan Agency,” said Tony Chimino, CEO of Marsh McLennan Agency’s Midwest region. “From their industry specialties to breadth of expertise, they share our passion for bringing clients a strategic approach to risk management.”
Mr. Horton added: “Marsh McLennan Agency is among the best in the business, and we are proud to be a part of their team. We’re eager to hit the ground running to deliver enhanced solutions for clients as they navigate their unique exposures.”
The deal is anticipated to close within the third quarter of 2024.
Waller Helms Advisors provided the fairness opinion to the Board of Directors of The Horton Group in connection with this transaction.