 Dan Glaser |
Brunswick Group handles PR for UK's Jardine Lloyd Thompson Group, which has agreed to be acquired by Marsh & McClellan Cos. New York-based insurance broker/risk management giant, in a deal valued at $5.6B in cash considerations.
MMC is paying $25.50 per-share for JLT, an outlay that represents a 33 percent jump over the Sept. 17 closing of its stock price, as part of its strategy to "be the preeminent global firm in the areas of risk strategy and people."
Dan Glaser, MMC's CEO, called the transaction a "complementary fit between our companies that creates a platform to deliver exceptional service to clients and opportunities for our colleagues."
JLT CEO Dominic Burke will become vice chairman of MMC following the completion of the transaction, which is expected to close in the spring of 2019.
MMC, which bills itself as world’s leading professional services firm, has about 65K staffers and generates $14B in revenues.
JLT is using Brunswick Group's Tim Burns and Dania Saidam as PR advisors in the MMC transaction.
Tim Wise of Simon Robertson Assocs., is JLT's financial counselor.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
