Marsh & McLennan Agency to acquire Bouchard Insurance
Founded in 1948, Bouchard has 260 colleagues based in its Florida office locations.
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has reached agreement to acquire Clearwater, Florida-based Bouchard Insurance, a full-service agency in Florida.
Terms of the transaction, which is expected to close later this month, were not disclosed.
“Bouchard’s strong client-first culture and commitment to the education and development of its colleagues make it a powerful addition to our growing presence across the U.S.,” said David Eslick, Chairman and CEO of MMA.
260 employees
Founded in 1948, Bouchard has 260 colleagues based in its Clearwater, Fort Myers, Kissimmee, Maitland, Sarasota, and Tampa, Florida office locations. It provides property & casualty, employee health & benefits, and personal lines insurance solutions and expertise to midsize businesses.
The firm has dedicated expertise in the agribusiness, community associations, construction, education, healthcare, hospitality, staffing, and social services industries.
To maintain existing locations, name
As part of MMA, Bouchard will maintain its existing office locations and operate as Bouchard Insurance, a Marsh & McLennan Agency LLC company. On closing, Doug Bishop, who has served as CEO of Bouchard since 2009, will continue to lead the operation.
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.