Marsh completes acquisition of Accel Holdings
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- Marsh announced the successful completion of its previously announced acquisition of Accel Holdings, a diversified independent insurance and advisory firm.
- The transaction terms were not disclosed, but all Accel Group colleagues have officially joined Marsh Agency while maintaining their current office locations.
- The company stated that the acquisition expands its Upper Midwest platform, adding specialized retirement, wealth management, and agribusiness capabilities.
Marsh (NYSE:MRSH) announced the completion of its agreement to acquire Accel Holdings, a diversified independent insurance and advisory firm headquartered in Waverly, Iowa.
Following the transaction close, Accel will operate directly within the Marsh Agency network.
"By bringing together high-quality firms with strong leadership, deep client relationships, and specialized capabilities, we continue to expand a platform designed to serve the middle market at the highest level," said Matt Stadler, President of Marsh Agency.
The acquired firm brings extensive agribusiness knowledge alongside new retirement and wealth management capabilities to strengthen Marsh Agency's Upper Midwest team.
All Accel Group employees have joined Marsh Agency and will continue serving clients from their established office locations.
The firm historically traces its roots back to 1936 and expanded its regional footprint through a strategic merger with the Millhiser Smith Agency in 2018.
