Marsh & McLennan Expands in Michigan with Employee Benefits Firm

Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh LLC, has acquired Great Lakes Employee Benefit Services, an employee group benefits consulting and brokerage firm based in Troy, Mich. Terms of the transaction were not disclosed.

Founded in 1997 by Joseph Coan and Jim Scoggin, Great Lakes Employee Benefit Services has annual revenues of approximately $3.4 million. The firm offers strategic benefit consulting services to publicly and privately held midsize organizations nationwide, including manufacturers, financial services, communications, higher education and healthcare organizations.

Great Lakes will combine with MMA’s existing Michigan office, known locally as McGraw Wentworth, further expanding MMA’s presence within the state and the upper Midwest region. Great Lakes’ employees, Coan and Scoggin, will move to McGraw Wentworth’s headquarters in the second quarter of 2014.

Source: Marsh & McLennan Agency