White Plains, N.Y.-based Marsh & McLennan Agency LLC (MMA) said it has acquired Fargo, N.D.-based Dawson Insurance Agency.
Terms were not dislcosed
Dawson Insurance, which was established in 1917, serve clients in North Dakota and Minnesota, providing commercial and personal insurance, surety bonds, safety and loss control programs, and employee benefits services, with a particular focus on the construction and real estate industries.
“Dawson Insurance's extensive industry knowledge, history of client innovation, and culture of giving back to the community made it the perfect choice for MMA to enter the North Dakota market,” said David Eslick, MMA chairman and CEO.
With 58 employees, Dawson Insurance generates $10 million in revenue. Dawson's employees will join MMA's upper Midwest region, but the company will continue to operate out of its two existing offices in Fargo as Dawson Insurance, a Marsh & McLennan Agency company. Tom Dawson and Dan Armbrust will continue to lead Dawson.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.