Irvine-based NuWest Insurance Services Inc. has been acquired by Marsh & McLennan Agency LLC on undisclosed terms.
NuWest, headed by Chief Executive Chuck Rosenberger, has about $2.4 million in annual revenue. It’s expected to fold into Marsh & McLennan Agency’s MMA West operations, which were established early this year when the agency acquired Barney & Barney LLC.
San Diego-based Barney & Barney has an office in Aliso Viejo.
Marsh & McLennan Agency is part of Marsh & McLennan Companies Inc., a New York-based global professional services firm. The publicly traded parent company had about $12 billion in revenue last year and has about $30 billion in market capitalization.
