Products November 4, 2011
MMA Makes Second Acquisition for Bostonian Group
November 4, 2011 (PLANSPONSOR.com) - Marsh & McLennan Agency LLC (MMA) has acquired the employee benefits division of Kaeding, Ernst & Company.
Reported by Rebecca Moore
Kaeding, Ernst is a Marlborough, Massachusetts-based employee benefits, life insurance, and financial planning consulting firm. The division, with approximately $600,000 in annual revenue, will become a part of Bostonian Group, a Marsh & McLennan Agency company.
The transaction is the second complementary acquisition for Bostonian/MMA following the February acquisition of the Boston office of Kinloch Consulting Group Inc., the employee benefits division of Kinloch Holdings Inc. (see MMA Acquires Boston Consulting Operation).
“Kaeding, Ernst has built a strong reputation of delivering trustworthy advice and innovative solutions to its employee benefit clients. We are delighted to welcome Tricia Mackoff and Linda DeJordy, two seasoned employee benefit professionals, to our expanding employee benefits team at Bostonian,” said Jim Blue, CEO of Bostonian/MMA, in a press release.