One of the nation’s top large-group brokerages, Marsh & McLennan Agency LLC — a subsidiary of Marsh LLC — acquired MHBT Inc., a Dallas, Texas-based independent firm. Terms of the deal, announced Monday, were not disclosed.

Also see: The top 50 large-group employee benefit brokerages in the U.S., part 2

MHBT has 350 employees working in five offices throughout Texas and an annual revenue of about $76 million, according to a news release. All employees will join the new organization under the name MHBT, a Marsh & McLennan Agency LLC company.

“MHBT is one of the premier insurance agencies in the U.S., with world-class leadership, a client-centric culture and a track record of growth,” says Marsh & McLennan Agency CEO David Eslick. “We are excited to add the strength, depth and quality of MHBT’s entire team to MMA.”

The merger is “the next step in the evolution of MHBT,” says CEO Bill Henry, who will serve as leader of MMA’s southwest regional hub. “It represents an excellent opportunity to expand our reach, ensure new opportunities for our colleagues and offer more resources to our clients as they navigate an increasingly challenging risk environment.”

With $102,550,050 in revenue, Marsh & McLennan Agency was ranked sixth among the top 50 large-group brokerages in 2014, according to data from EBA partner and business intelligence data analytics firm miEdge, which based the rankings on Form 5500 Schedule A data submitted to the Department of Labor as of Nov. 7, 2014.

Also see: The top 50 large-group employee benefit brokerages in the U.S., part 1

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