Marsh and McLennan Agency Acquires Presidio Benefits Group
December 01, 2016
San Francisco Firm Further Enhances Employee Benefits Capabilities in West Region
WHITE PLAINS, NY, December 1, 2016 – Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced it has acquired Presidio Benefits Group, a San Francisco-based employee benefits consulting firm. Terms of the transaction were not disclosed.
Founded in 2006, Presidio offers a wide range of employee benefits and human resource services to employers in the Bay Area. All of Presidio’s employees, including its founders Alan Ikeya and Matthew Coan, are joining MMA and will operate out of MMA’s existing San Francisco office.
“Presidio’s talented and experienced employee benefits professionals share our same core values of putting clients’ interests first and providing exceptional service,” said Paul Hering, MMA’s Western Region CEO. “I welcome Alan, Matt, and the rest of the Presidio team to MMA and look forward to working together to deliver innovative solutions that help address the myriad of risk and benefit challenges facing local businesses.”
“We are excited to join MMA, and look forward to delivering expanded solutions and services to our clients and providing additional opportunities for our employees,” Presidio’s Mr. Ikeya said.
Mr. Coan added: “MMA has an amazing team with a world class product and service platform, and joining them puts us in the best position possible for serving our clients’ diverse needs as well as giving our colleagues enhanced career opportunities.”
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. In 2015, it expanded its national footprint into Canada. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh’s approximately 30,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and people. With annual revenue of US$13 billion and approximately 60,000 colleagues worldwide, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a leader in providing risk and reinsurance intermediary services; Mercer, a leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a leader in management consulting. Follow Marsh on Twitter, @MarshGlobal; LinkedIn; Facebook; and YouTube.
Successful outcomes, one engagement at a time.
I have extensive experience in working with benefits advisors and can unequivocally say Presidio is excellent! Alan and his team have done a great job for Ikanos. They are effective at both the strategic and tactical levels. As advisors, they are knowledgeable on trends and proactively engage in a process so we can plan future steps. They have done a good job for us in the traditional benefits broker roles of negotiating rates and changing carriers when necessary. In addition to the higher level and strategic functions, they are an extra pair of hands to our lean benefits department in helping us and our employees navigate when issues, such as claim administration, arise with a particular carrier. We have had a great five year plus relationship with Presidio!- Jim Murphy, Vice President, Worldwide Human Resources, Ikanos
I have worked with Presidio for several years. I have found them to be professional in all our dealings. Our company has had several changes to go through due to our size, structure, and new ACA rulings. Presidio is very knowledgeable and has given us suggestions/options to make our changes and transitions much smoother and with no disruption to the company or our employees. They are always proactive with our renewals, negotiating lower increases with our providers. This makes my job less stressful and I am very appreciative of all the support they provide our company.- Teresa Barnhart, Director of Administrative Services, NagraStar
Presidio Benefits Group has always, and continues to, exceed our expectations for client support, while being strategic, yet practical – a true and trusted partner when tackling the many challenges of offering a comprehensive, competitive, compliant, yet cost-effective, employee benefits package. They are a true extension of our HR department, proactively helping us navigate the ever-changing landscape of employee benefit and wellness programs.- Cori Ekman, Vice President, Human Resources, Nagra Kudelski
Matt Coan and his team have provided us with outstanding client service. They have a great understanding of our needs and exhibit pro-active leadership in dealing with carriers, our employees’ claims issues and the increasingly difficult areas of compliance. This is our first year in a self insured “captive” and they have been our partner throughout the process. There are many insurance brokers offering a variety of services, but there only a few that are true professionals like the team at Presidio Benefits Group. They don’t just show up once a year at renewal time, but are professionals that support our needs throughout the plan year.- Cheryl Rankin, Director of Human Resources, DGA
Presidio makes the complicated world of benefits easy. This is important because the benefits we offer our staff are such a critical part of retaining outstanding talent, and the landscape is always changing. I can count on Presidio to provide me with accurate and timely information with warmth and expertise.- Gregg Solimine, Human Resources & Administration Manager, The Women's Foundation of California
We have been working with PBG since 2009, they really have been great partners helping us navigate the ever-changing healthcare landscape. We genuinely try to offer the best benefits program we can to our employees and their families, PBG gets this and works with us to achieve that.- Carolynn Smith, Associate, Forell/Elsesser
We have worked with Presidio Benefits Group for over 10 years, we are solicited by brokers all year round for our business, I wouldn’t trust our employees’ benefits to anyone but the Presidio Benefits Group. They are always very quick to respond to our needs and they always go above and beyond to solve individual employee needs and resolve any carrier issues we might have! Alan Ikeya and his team are the very best at what they do!- Cheryl Maclennan, Human Resources/Sales & Marketing, Pool Covers, Inc.
We have been partnering with the Presidio Benefits Group for over three years and our experience with them has been outstanding. Presidio is such a strategic partner as they really think outside the box to ensure we have a comprehensive and competitive benefits package which has contributed to our ability to attract and retain highly talented staff. Not only is the Presidio’s top-notch team very ethical, personable and professional, they have an in depth knowledge of the benefits landscape and proactively support us in the areas of compliance, mitigating increasing healthcare costs, implementing best practices and navigating the complexities of benefits laws (e.g. ACA). Hands down, Presidio is the best benefits broker around.- Christa Brothers, Vice President, Human Resources, Earthjustice
When I joined Gild, I knew it was time to reassess the effectiveness of our Professional Employer Organization (PEO) relationship. Presidio helped me build a strategy to move benefits in-house and less than two months after our initial meeting, Gild had a comprehensive benefits program up and running. I couldn’t have done it without the Presidio team. Their level of care and attention to me and my employees makes them a true partner.- Brittany Brown Ceres, VP of Employee Success , Gild, Inc.