MMA Snaps Up PA Employee Benefits Firm
Established in 1999, Trion offers consulting, brokerage, group disability and life, absence management, voluntary benefits, and benefit administration services.
A news release said Trion, based in suburban Philadelphia, has $74 million in annual revenues. Terms of the deal were not disclosed.
Trion’s four principals, Ed Garno, Jr., Ed Garno III, Dave Oberkircher, and Chris Veno will continue to lead Trion as part of MMA. All of Trion’s employees are expected to join MMA.
According to the announcement, Trion represents the sixth acquisition MMA has made since embarking on its strategy in November 2009 to build a platform serving the property and casualty insurance and employee benefits needs of companies across the United States. Over the last 13 months, MMA has acquired Insurance Alliance, The NIA Group, Haake Companies, Thomas Rutherfoord, Inc., and Bostonian Group. With the addition of Trion, MMA has grown to become the nation’s 12th largest insurance agency with annual revenue of approximately $260 million, the company said.
More information about MMA is at http://www.marshmclennanagency.com/.