Marsh & McLennan Agency Buys Progressive Benefit Solutions

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Marsh & McLennan Agency LLC (MMC: Quote), a subsidiary of Marsh Inc., said Friday that it has acquired employee benefits agency Progressive Benefit Solutions, or PBS. Terms of the deal were not disclosed.

Progressive Benefit Solutions, based in Raleigh, North Carolina, offers a wide-range of health, wellness, compliance, and executive compensation products and services to midsize clients

It will hereafter operate as a division of Rutherfoord, a Marsh & McLennan Agency LLC company.

John McDonnell, William Salmon, Rick Kelly, and the rest of the PBS team will join Rutherfoord and continue operating out of PBS' existing Raleigh office.

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