Marsh McLennan Agency, the small and midsize brokerage unit of Marsh LLC, said Tuesday it has agreed to acquire Orland Park, Illinois-based brokerage The Horton Group Inc.
Terms of the deal, which is expected to close in the third quarter, were not disclosed.
Horton Group is the 55th largest brokerage of U.S. business with $107.5 million in brokerage revenue in 2023, according to Business Insurance’s most recent ranking.
More than 400 employees, including CEO Dan Horton, will join Marsh McLennan Agency and continue operating out of Horton’s existing offices in Florida, Illinois, Indiana, Michigan, Minnesota and Wisconsin, Marsh McLennan Agency said in a statement.
Founded in 1971, Horton places commercial property/casualty and personal lines coverage and provides employee benefits consulting.
