Marsh & McLennan Agency acquires Ironwood Insurance Services

Marsh & McLennan Agency, the middle market agency subsidiary of Marsh, has acquired Ironwood Insurance Services. Terms of the transaction were not disclosed.

Founded in 2007 and based in Atlanta, Georgia, Ironwood provides commercial property and casualty insurance, employee benefits, and private client solutions to midsize businesses and individuals throughout the US. Ironwood is a leading provider of pre-close due diligence, transactional solutions, and risk management services to private equity funds and their portfolio companies. It also has dedicated expertise in serving the real estate, construction, energy, manufacturing, professional services, and health care industries.

Ironwood’s 85 colleagues will continue to operate out of the firm’s existing Atlanta and Charlotte, North Carolina, offices. Will Underwood, founder and CEO of Ironwood, will continue to serve as CEO and will take on the additional role of Private Equity Center of Excellence Leader for MMA, nationally. Partners Matt Lovein and Matt Hene will become co-Presidents of Ironwood.

“The private equity, merger and acquisition space is a dynamic, fast-growing market in our industry . We are proud to welcome Ironwood to MMA and expand our capabilities and resources under Will, Matt, and Matt’s leadership.” – David Eslick, CEO of MMA.

“Ironwood’s vision for growth, dynamic culture and commitment to client service make them a terrific fit for MMA’s growing national footprint. Will and his team have built a premier brokerage firm.” – Peter Krause, President of MMA Southeast.