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Marsh & McLennan Agency expands in Northwest with acquisition

April 2, 2021


Marsh & McLennan Agency LLC, the middle-market business of Marsh LLC, said Friday it has bought PayneWest Insurance Inc., an independent agency with about $135 million in annual brokerage revenue.

Terms of the deal were not disclosed.

Missoula, Montana-based PayneWest has more than 700 employees operating from 26 locations in the Northwest. All of the employees will join Marsh & McLennan Agency, and PayneWest will operate as the broker’s Northwest regional hub under the leadership of PayneWest CEO Kyle Lingscheit, a Marsh & McLennan Agency statement said.

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