Marsh has signed an agreement to sell its wholesale brokerage operation, Crump Group Inc., to an affiliate of J.C. Flowers & Co. LLC, a New York-based private equity firm.
Terms of the deal were not released.
Marsh, the insurance brokerage arm of New York-based professional services firm Marsh & McLennan Companies, issued a brief statement on the sale today. Marsh said the sale is subject to normal and customary closing conditions.
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