Marsh has completed its acquisition of Accel Holdings, Inc., a diversified independent insurance and advisory firm headquartered in Waverly, Iowa.
The transaction, which was previously announced, expands Marsh Agency’s presence in the Upper Midwest and adds retirement and wealth management capabilities along with additional agribusiness expertise. Financial terms were not disclosed.
Accel will operate within Marsh Agency. All Accel Group employees have joined Marsh Agency and will continue working from their existing locations.
Founded in 1936, The Accel Group provides commercial and personal insurance, employee benefits, agribusiness solutions, wealth management and retirement advisory services. The firm expanded its history and capabilities through a 2018 merger with Millhiser Smith Agency, which was founded in 1928.
Matt Stadler, president of Marsh Agency, said the acquisition reflects the company’s strategy of adding firms with established leadership, strong client relationships and specialized capabilities to strengthen its middle-market platform.
The addition of Accel gives Marsh Agency a stronger presence in Iowa while expanding the range of insurance and advisory services available to clients throughout the Upper Midwest.
The acquisition was completed on Oct. 2, 2026.
Information for this article was provided by Marsh. Views and claims expressed in this article are those of the source company and do not necessarily reflect the views of AgencyEquity.com. This article may have been edited with the help of AI.
