Marsh & McLennan Agency (MMA), a subsidary of Marsh, announced it is acquiring Tequesta Insurance Advisors located in Tequesta, Fla. The merger with Tequesta — a provider of personal, commercial and employee benefts — will add to MMA's property and casualty business in the state.

Tequesta brings in approximately $10 million annually in revenue. The company's 50 employees will become part of the MMA team and continue to work out of the agency's Tequesta office.

The addition of Tequesta's colleagues will give MMA approximately 220 employees in eight offices throughout the state of Florida providing risk, insurance and benefit solutions to middle market companies and individuals.

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