MarshBerry Congratulates Louisiana Companies and Querbes & Nelson On Their Sales to Marsh McLennan Agency

March 20, 2024

Woodmere, OH, March 20, 2024 – MarshBerry, a leading investment banking and consulting firm serving the insurance distribution and wealth management industries, congratulates both the Louisiana Companies and Querbes & Nelson (Q&N) on their sales to Marsh McLennan Agency, a subsidiary of Marsh. The acquisitions of these two Louisiana-based middle market agencies double Marsh McLennan Agency’s presence in the state. MarshBerry served as the exclusive financial advisor to both Louisiana Companies and Querbes & Nelson. Both transactions closed on March 1, 2024.

Based in Baton Rouge, Louisiana Companies was founded in 1890 and provides business and personal lines insurance to businesses and individuals with specific expertise serving the construction, manufacturing, distributor, healthcare, and hospitality industries.

Based in Shreveport, Q&N was founded in 1914 and offers business insurance, employee benefits, and alternative risk financing consulting to a variety of businesses with specific expertise in energy services, commercial contractors, and transportation.

“This merger signifies a milestone in our clients’ growth trajectory and underscores the collaborative spirit that defines successful business ventures,” said Phil Trem, MarshBerry President – Financial Advisory. “As current and previous members of MarshBerry’s Connect executive peer exchange, we take immense pride in our role as trusted advisors to these two outstanding firms by guiding each through the intricacies of their respective transactions.”

Terms of the transactions were not disclosed.

MarshBerry remains the number one sell side advisor for insurance agencies and brokerages and retains its position as the industry leader for total number of clients advised. Since 1999, MarshBerry has advised on more than 1,300 merger & acquisition transactions which is approximately 25% of the total tracked deal flow in the insurance distribution industry during this period as reported by S&P Global Market Intelligence.

MarshBerry – Helping Clients Learn, Improve & Realize Value

Founded in 1981, MarshBerry is a global leader in financial advisory and consulting services serving the insurance brokerage and wealth management industries to help clients grow and advance their business strategies. With locations across North America and Europe, MarshBerry market sector expertise includes property and casualty agents & brokers, employee benefit firms and specialty distributors, partners in insurtech, capital markets, and insurance carriers, as well as registered investment advisors, retirement planning and life insurance firms. Clients choose MarshBerry as their trusted advisor for every stage of ownership to help them build, enhance and sustain value through Financial Advisory solutions (Investment Banking; Merger & Acquisition Advisory, Debt & Capital Raising, Business Consulting), Growth Advisory solutions (Organic Growth, Aggregation, Leadership, Sales & Talent Solutions) and Market Intelligence and Performance Benchmarking. Learn more at

Investment banking services in the USA offered through MarshBerry Capital, LLC, Member FINRA and SIPC, and an affiliate of Marsh, Berry & Company, LLC, 28601 Chagrin Blvd, Suite 400, Woodmere, OH 44122 (440) 354-3230.