Marsh (NYSE:MRSH), a leading global professional services firm, today announced the completion of its previously announced agreement to acquire Accel Holdings, Inc, a leading diversified independent insurance and advisory firm headquartered in Waverly, Iowa. Accel will operate within Marsh Agency. Terms of the acquisition were not disclosed.

With the acquisition now closed, Marsh Agency’s Upper Midwest team has strengthened its presence in Iowa and gained retirement and wealth capabilities, as well as extensive agribusiness knowledge, which will enhance Marsh Agency’s current offerings. All Accel Group colleagues have joined Marsh Agency and will continue to operate from their current locations.

"By bringing together high-quality firms with strong leadership, deep client relationships, and specialized capabilities, we continue to expand a platform designed to serve the middle market at the highest level," said Matt Stadler, President of Marsh Agency.

The Accel Group was founded in 1936 and further established its legacy through a strategic merger with Millhiser Smith Agency in 2018, which was founded in 1928. Today, the firm provides commercial and personal insurance, employee benefits, and agribusiness solutions, as well as wealth management and retirement advisory services.

About Marsh

Marsh (NYSE:MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

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Media contact:

Alex Boursican

+1 603 960 0116

alexandra.boursican@marsh.com