For all Stages of Ownership – Think MarshBerry
Think MarshBerry
Your Trusted Advisor In The Insurance Brokerage & Wealth Management Industries
Learn, Improve, and Realize Your Firm’s Fullest Potential
- M&A Advisory & Debt & Equity Capital Raising
- Business Consulting to Accelerate Growth
- Proprietary and cumulative Market Intelligence
- Member-based Executive Peer Exchange
- FirstChoice: More than an aggregation network
After a strong 2024, for both the U.S. economy and the insurance industry, all eyes are on a positive outlook for insurance brokerage M&A in 2025.
Recent Transactions
July 2025 
Acquisition Inszone Insurance Services, LLC has acquired Stephenson, Baggs & Guthrie, LLC 
Acquisition Inszone Insurance Services, LLC has acquired Snell-Nelson Insurance Agency, Inc. 
Acquisition The Hilb Group, LLC has acquired a Florida-Based Business 
Acquisition Afore Insurance Services, LLC has acquired TailoredRisk Insurance Advisors, LLC 
Acquisition King Risk Partners, LLC has acquired Nobles Insurance Agency, Inc. 
Acquisition HUB International Limited has acquired Wycoff Insurance Agency, Inc. 
Acquisition HUB International Limited has acquired Fenner & Esler Agency 
Acquisition Specialty Program Group LLC has acquired ANOVA Marine Insurance 
Acquisition Cerity Partners LLC has acquired ERn-CD Arizona, LLC dba Canopy Wealth Management 
Acquisition Inszone Insurance Services, LLC has acquired LJ Insurance, Inc. 
Acquisition HUB International Limited has acquired Guru of Insurance 
Acquisition The Hilb Group, LLC has acquired a Maine-Based Business 
Acquisition World Insurance Associates, LLC has acquired Abacus Insurance & Financial Services, LLC 
Acquisition Arthur J. Gallagher & Co. has acquired Imbs Holdings, Inc. Arthur J. Gallagher & Co. has acquired Imbs Holdings, Inc. 
Acquisition Keystone Agency Partners has acquired Thomas-Fenner-Woods Agency, Inc. 
Acquisition Heffernan Insurance Brokers has acquired Pac Global Insurance Brokerage, Inc. 
Acquisition Choice Financial Group, LLC has acquired Corporate Risk Solutions, Inc. 
Acquisition HUB International Limited has acquired Henriott Group, Inc. 
Acquisition HUB International Limited has acquired Meyer & Rosenbaum, Inc.
Acquisition Inszone Insurance Services, LLC has acquired Stephenson, Baggs & Guthrie, LLC MarshBerry served as the financial advisor to Inszone Insurance Services, LLC
July 2025 Acquisition Inszone Insurance Services, LLC has acquired Snell-Nelson Insurance Agency, Inc. MarshBerry served as the financial advisor to Inszone Insurance Services, LLC
July 2025 Risman Insurance Agency, Inc. has successfully raised an undisclosed amount of Debt Capital from Bank of Montreal
MarshBerry served as the financial advisor to Risman Insurance Agency, Inc.†
July 2025 Acquisition The Hilb Group, LLC has acquired a Florida-Based Business MarshBerry served as the financial advisor to the Seller†
July 2025 Acquisition Afore Insurance Services, LLC has acquired TailoredRisk Insurance Advisors, LLC MarshBerry served as the financial advisor to Afore Insurance Services, LLC
June 2025 Acquisition King Risk Partners, LLC has acquired Nobles Insurance Agency, Inc. MarshBerry served as the financial advisor to King Risk Partners, LLC
June 2025 Acquisition HUB International Limited has acquired Wycoff Insurance Agency, Inc. MarshBerry served as the financial advisor to HUB International Limited
June 2025 Acquisition HUB International Limited has acquired Fenner & Esler Agency MarshBerry served as the financial advisor to Fenner & Esler Agency†
June 2025 Acquisition Specialty Program Group LLC has acquired ANOVA Marine Insurance MarshBerry served as the financial advisor to ANOVA Marine Insurance†
May 2025 Acquisition Cerity Partners LLC has acquired ERn-CD Arizona, LLC dba Canopy Wealth Management MarshBerry served as the financial advisor to ERn-CD Arizona, LLC dba Canopy Wealth Management†
May 2025 Acquisition Inszone Insurance Services, LLC has acquired LJ Insurance, Inc. MarshBerry served as the financial advisor to Inszone Insurance Services, LLC
May 2025 Acquisition HUB International Limited has acquired Guru of Insurance MarshBerry served as the financial advisor to HUB International Limited
April 2025 Acquisition The Hilb Group, LLC has acquired a Maine-Based Business MarshBerry served as the financial advisor to the Seller†
April 2025 Acquisition World Insurance Associates, LLC has acquired Abacus Insurance & Financial Services, LLC MarshBerry served as the financial advisor to World Insurance Associates, LLC
April 2025 Acquisition Arthur J. Gallagher & Co. has acquired Imbs Holdings, Inc. MarshBerry served as the financial advisor to Imbs Holdings, Inc.†
Toggle Transaction Details 4/1/2025 Arthur J. Gallagher & Co. has acquired Imbs Holdings, Inc. MarshBerry served as the financial advisor to Imbs Holdings, Inc.†
Arthur J. Gallagher & Co. has acquired Imbs Holdings, Inc. Buyer: Arthur J. Gallagher & Co. Seller: Imbs Holdings, Inc. Closed Date: 4/1/2025 MarshBerry Advisory Role: MarshBerry served as the financial advisor to Imbs Holdings, Inc.† April 2025 Acquisition Keystone Agency Partners has acquired Thomas-Fenner-Woods Agency, Inc. MarshBerry served as the financial advisor to Thomas-Fenner-Woods Agency, Inc.†
April 2025 Acquisition Heffernan Insurance Brokers has acquired Pac Global Insurance Brokerage, Inc. MarshBerry served as the financial advisor to Pac Global Insurance Brokerage, Inc.†
April 2025 Acquisition Choice Financial Group, LLC has acquired Corporate Risk Solutions, Inc. MarshBerry served as the financial advisor to Choice Financial Group, LLC
April 2025 Acquisition HUB International Limited has acquired Henriott Group, Inc. MarshBerry served as the financial advisor to Henriott Group, Inc.†
March 2025 Acquisition HUB International Limited has acquired Meyer & Rosenbaum, Inc. MarshBerry served as the financial advisor to HUB International Limited
Proof is in the Numbers
#1 M&A Sell Side Advisor with 1,300+ total transactions advised (2009-2023)
Based upon maximum earn out value for deals closed globally; MarshBerry advised deals through 12/31/24.
As identified by the 100 largest brokers of U.S. business as identified by Business Insurance.
These totals include certain transactions completed by Marsh, Berry & Company, LLC professionals while employed at another firm, whereby substantially all of the assets were acquired by Marsh, Berry & Company, LLC. Total completed buy and sell side insurance brokerage transactions in the U.S. only as reported by S&P Global Market Intelligence.
There may be some duplication in the number of firms counted as certain firms subscribe to and/or provide data for multiple benchmarking services.
Transaction value based realistic earn out value for deals closed 1/1/08 through 12/31/24 in which MarshBerry was the advisor.