Marsh & McLennan Buys Integrity HR To Boost Employee Health & Benefits Business

Marsh & McLennan Companies Inc MMC announced the buyout of Integrity HR, Inc. for an undisclosed term.

The acquisition of this human resources consulting firm will boost MMC's national Employee Health & Benefits division.

Founded in 2007, Integrity HR serves midsize clients. Its 13 employees, including Amy Newbanks Letke, Founder & CEO, will join Marsh McLennan Agency and continue working out of their Louisville office.

The buyout will enhance MMC offerings by adding a full suite of new HR capabilities, including compensation consulting, executive succession planning, and talent acquisition.

"By bringing Integrity HR on board, we are elevating our national Employee Health & Benefits offerings to provide midsize clients with a full suite of benefits and HR services," said Kate Moher, President of National Employee Health & Benefits at Marsh McLennan Agency.

Last month, MMC bought SOLV Risk Solutions, LLC, to boost its risk advisory business.  

MMC's cash and equivalents stood at $1.0 billion as of March 31, 2023.

Price Action: MMC shares are trading lower by 0.20% at $185.66 on the last check Thursday.