Marsh Inc., the risk and insurance services arm of Marsh & McLennan Cos. Inc., said it had completed the sale of Crump Group Inc., its U.S.-based wholesale broking operation, to an affiliate of J.C. Flowers & Co. LLC, a New York private equity firm.
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The financial terms were not disclosed. The deal closed Friday.
New York-based Marsh & McLennan decided this year to divest Crump as part of a move to reorganize its wholesale brokerage business.
Crump is headquartered in Dallas and also operates from offices in nine other states.
