Marsh buys $130mn J Smith Lanier

Marsh has agreed to buy J Smith Lanier & Co (JSL) in a deal
that will expand the broker's middle-market agency operations
in the US Southeast.
The acquisition will add $130mn of annual revenue to the
broker's Marsh & McLennan Agency (MMA) business, together
with 600 employees across 21 offices.
The terms of the deal were not disclosed. The transaction is
expected to close in the first quarter of this year subject to
regulatory approvals.
Once the deal is completed,...