Marsh & McLennan Agency LLC (MMA) has acquired Dawson Insurance Agency, a 98-year-old family-owned agency in Fargo, N.D. Terms of the transaction were not disclosed.
Established in 1917, Dawson Insurance provides commercial and personal insurance, surety bonds, safety and loss control programs, and employee benefits services to clients throughout North Dakota and Minnesota. It has a particular focus on the construction and real estate industries.
Dawson Insurance generates $10 million in revenue and has 58 employees, all of whom are joining MMA’s upper Midwest region. It will continue to operate out of its two existing offices in Fargo as Dawson Insurance, a Marsh & McLennan Agency LLC company, under the existing leadership of Tom Dawson and Dan Armbrust.
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to primarily serve the needs of the middle market.
Source: March & McLennan Agency
Topics Mergers & Acquisitions
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