Pennsylvania firm will enhance MMA's retirement consulting capabilities
White Plains, New York, April 3, 2019 – Marsh & McLennan Agency LLC (MMA), the middle-market subsidiary of Marsh, today announced that it has reached agreement to acquire Centurion, the Plymouth Meeting, Pennsylvania-based retirement consulting, asset management, and benefit-plan advisory firm. Terms of the transaction, which is expected to close in the second quarter of 2019, were not disclosed.
Established in 2006, Centurion provides institutional retirement plan consulting and fiduciary services to clients with combined plan assets in excess of $16 billion and over 400,000 participants. Additionally, the company provides private wealth management, financial planning services, and institutional pension consulting as well as employee group benefit consulting.
Upon closing, Centurion will become part of Trion Group, a Marsh & McLennan Agency. Jim Hageney, who has served as a Managing Partner of Centurion since its formation, will continue to lead the group.
“We are delighted to welcome Centurion’s talented and experienced retirement consulting services, investment and health professionals to MMA,” said Chris Veno, co-CEO of Trion. “The addition of Centurion will enhance our offerings and expand our expertise, especially in retirement planning, and enable us to provide even greater support to our clients.”
Mr. Hageney said: “Joining the MMA team gives us the opportunity to provide additional innovative resources and solutions to our clients while creating new growth opportunities for our colleagues.”
Marsh & McLennan Agency, LLC
360 Hamilton Avenue, Suite 930
White Plains, New York 10601
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. In 2015, it expanded its national footprint into Canada. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
About Marsh
Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh’s approximately 30,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and people. With annual revenue of US$13 billion and approximately 60,000 colleagues worldwide, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a leader in providing risk and reinsurance intermediary services; Mercer, a leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a leader in management consulting. Follow Marsh on Twitter, @MarshGlobal; LinkedIn; Facebook; and YouTube.
