Minnesota’s Kraus-Anderson Insurance Acquires Onyx Benefit Advisors

Minnesota-based Kraus-Anderson Insurance has acquired Onyx Benefit Advisors, based in Bloomington, Minn.

Onyx was founded by Jenny Wiederholt-Pine, who built the company into a successful agency, offering services that include health risk management and wellness plans. Wiederholt-Pine will serve as KA Insurance’s senior benefit advisor and will market benefit programs and other agency services to employers in the Twin Cities metro area.

Onyx will relocate its office to KA Insurance’s Burnsville location on Sept. 1. Onyx’s three employees will join KA Insurance’s 68 employees.

The acquisition complements KA Insurance’s benefits portfolio and reflects an investment in intellectual capital that will support the firm’s growth and depth of expertise regionally and nationally.

Onyx is KA Insurance’s third strategic acquisition in recent years. The company also acquired Minnesota Insurance Brokers (MIB) in 2009 and Advanced Risk Manager in 2012.

Source: Kraus-Anderson Insurance

Topics Mergers & Acquisitions