Olympic Insurance Agency, established in 1947, delivers services in business insurance, employee benefits, and personal asset protection to clients in Southern California. The firm is known for serving real estate investors, property managers, and manufacturing businesses.
All current Olympic employees, including principals Don and Bob Barberie, will remain with the company and continue operations from the existing Simi Valley location.
Chris Williams (pictured above), CEO of MMA’s West region, said the company has had longstanding respect for Olympic’s team and the leadership of Don and Bob Barberie.
“With their real estate expertise, dedication to innovation, and deep industry and client relationships, we look forward to the new perspectives their team will be able to offer those we serve,” Williams said.
MMA’s acquisition of Olympic continues its broader M&A activity across the US. In recent months, the firm has completed several other transactions, including the acquisition of Perkins Insurance Agencies in Texas in June 2024 and Excel Insurance in South Florida in July this year.
MMA’s history of acquisitions also includes larger-scale deals. In November 2024, parent company Marsh McLennan completed its acquisition of McGriff Insurance Services for $7.75 billion, the largest in MMA’s history.
The transaction added more than 3,500 employees and $1.3 billion in run-rate revenue, significantly enhancing MMA’s presence in the middle-market segment.
MMA’s acquisition strategy also continues to be supported by financial performance. In its most recent quarterly results for Q2 2025, Marsh McLennan reported $7 billion in revenue, up 12% year over year.
The risk and insurance services segment, which includes MMA, grew 15% over the same period, reflecting steady demand and expansion through recent acquisitions.
The transaction also comes amid a broader slowdown in insurance brokerage M&A. According to data from OPTIS Partners, only 141 broker/distributor M&A deals were announced in Q1 2025, marking a 15% decline from the previous year and representing the lowest quarterly volume since mid-2020.
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