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Marsh & McLennan Agency acquires Atlanta-based broker

Marsh & McLennan Cos. Inc. subsidiary Marsh & McLennan Agency LLC acquired Atlanta-based Ironwood Insurance Services LLC.

Terms of the deal were not disclosed.

The acquired entity's 85-member team will continue to operate from the firm's existing offices in Atlanta and Charlotte, N.C.

Ironwood founder and CEO Will Underwood will continue in his role and will also become the leader of Marsh & McLennan Agency's private equity center of excellence. Partners Matt Lovein and Matt Hene will become co-presidents of Ironwood.

Ironwood offers commercial property and casualty insurance, employee benefits and private client solutions to businesses and individuals throughout the U.S.