Chicago-based brokerage giant Acordia Inc. announced it has acquired Dayton, Ohio-based Baldwin & Whitney, one of the oldest and largest independent insurance agencies in the Midwest. The acquisition doubles the size of Acordia’s operations in Dayton, according to a statement released by the Wells Fargo & Co. subsidiary.
Terms of the transaction were not disclosed. The acquisition, completed May 1, 2004, is Acordia’s 14th since it became a part of Wells Fargo three years ago.
Baldwin & Whitney has served clients since 1881, and the agency’s professional staff will continue serving clients from its current location. Baldwin & Whitney offers clients a complete array of services including commercial property/casualty insurance, personal insurance, professional liability insurance, employment practices liability insurance, aircraft insurance, life insurance, health insurance, annuities, mutual funds and employee benefits.
Topics Mergers & Acquisitions
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