MJ Insurance Acquires Indianapolis-based Mead & Company
(Oct. 1, 2012) – MJ Insurance, a leading property-casualty and employee benefits agency with offices in Indianapolis and Phoenix, announced today it has acquired Indianapolis-based Mead & Company. Terms of the deal between the two private firms were not disclosed. The acquisition is scheduled to close today.
Mead & Company is a multi-generational family business operated by the Mead family and founded in the 1860s. The firm began as a managing general agency known as Zener and Stone but subsequently became known as Stone, Stafford and Stone. In 1981, the name was changed to Mead & Company owned by William J. Mead. MJ Insurance was founded in 1964 by James B. Ritter and Michael M. Bill. Today, Michael M. Bill still serves as chairman of the company’s board of directors while his son, Michael H. Bill, serves as CEO.
Similar to MJ Insurance, Mead & Company, Inc. offers property-casualty and personal lines services for a host of clients. According to terms of the deal, Mead & Company employees will be transferred to MJ Insurance’s Indianapolis headquarters. There will be no layoffs.
“We are proud to associate the MJ name with a firm like Mead & Company and to continue to build on the company’s well-respected legacy,” said Michael H. Bill.
MJ Insurance, with offices in Indiana and Arizona, is a property-casualty and employee benefits agency that, since 1964, has grown from a two-person start-up to an agency with more than 125 employees. MJ Insurance specializes in a diverse selection of unique service lines including construction, energy, transportation, real estate, manufacturing, sororities and mining. MJ also offers complete employee benefits programs including major medical, group disability, group life and onsite employer clinics. MJ Insurance currently has clients in 16 countries and in every U.S. state.