Marsh & McLennan Agency signs acquisition agreement for Centurion for undisclosed amount.
Global Banking News-April 4, 2019-Marsh & McLennan Agency signs acquisition agreement for Centurion for undisclosed amount
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A wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC), Marsh & McLennan Agency LLC (MMA), revealed on Wednesday that it has reached an agreement to acquire Centurion, a retirement consulting, asset management and benefit-plan advisory firm based in Plymouth Meeting, Pennsylvania.
The deal is expected to close in the second quarter of 2019.
No financial terms were disclosed.
Established in 2006, Centurion provides institutional retirement plan consulting and fiduciary services to clients with combined plan assets exceeding USD16bn and over 400,000 participants. The company also provides private wealth management, financial planning services and institutional...
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