Marsh’s purchase consideration for acquisitions was $550 million in first nine months

By Michael Loney Oct 15 (The Insurer) — Marsh closed eight acquisitions in the first nine months of this year for a total purchase consideration of $550 million, with CEO John Doyle commenting that “we remain very active" for middle-market deals. In its 10-Q filing for the third quarter, Marsh disclosed that its Risk and Insurance Services segment completed six acquisitions in the first nine months. Middle-market subsidiary Marsh Agency acquired Robinson & Son, Seitz Insurance Agency, TriBridge Partners and Theodore P Botten III Insurance Agency, while Marsh Risk acquired the remaining 60% ownership share in Spanish broker Deasterra Partners and all of Japanese broker ENEOS. The consulting segment acquired Germany-based Profil M Beratung für Human Resources Management GmbH & Co and Texas-based CR3 Partners. The filing said the total purchase consideration for acquisitions made for the nine months was $550 million, consisting of cash paid of $318 million, deferred and estimated contingent purchase consideration of $90 million and the remeasurement to fair value of a previously held equity method investment upon consolidation of $142 million. In the first nine months, Marsh also paid