Mercer has acquired Ft. Lauderdale-based Mahoney & Associates' health and welfare and defined contribution advisory practices for an undisclosed amount, the company announced today.
The transaction establishes Mercer as a leading health and benefits broker in the Miami/Ft. Lauderdale Florida brokerage market, the ninth largest market in the United States.
"We can leverage our well-established relationships with mid- and large-sized employers in Florida and across the U.S.," David Rahill, U.S. region leader for Mercer's health and benefits business, says of the merger. "The acquisition expands our own fast-growing and successful Florida H&B consulting and brokerage capabilities and adds to Mercer a Florida-based DC Advisors presence, all in the large and vibrant Miami/Ft. Lauderdale market."
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