September 8, 2005
Marsh Inc. announces agreement to sell Crump Group, Inc., its U.S.-based wholesale broking operation, to an affiliate of J.C. Flowers & Co. LLC, a New York-based private equity firm.
On September 7, Willkie client Marsh Inc., the world's leading risk and insurance services firm, announced that it has reached a definitive agreement to sell Crump Group, Inc., its U.S.-based wholesale broking operation, to an affiliate of J.C. Flowers & Co. LLC, a New York-based private equity firm. With over $5 billion in annual revenues, Marsh employs approximately 30,000 employees and services clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a global professional services firm with approximately 60,000 employees and annual revenues exceeding $12 billion. MMC also is the parent company of Guy Carpenter, Kroll, Mercer, and Putnam Investments. The transaction was handled by partner David Boston and associate Patrick de Carbuccia.
