Marsh McLennan Agency (MMA), the middle market agency subsidiary of Marsh, acquired of Vaaler Insurance Inc., one of the largest independent agencies in North Dakota.
Terms of the acquisition were not disclosed.
Vaaler is a third-generation family owned business, providing business insurance, employee health and benefits, and personal lines solutions, with specialized expertise in the construction, education, and healthcare industries.
Founded in 1947, Vaaler has 81 employees across offices in Grand Forks, Fargo, and Bismarck, North Dakota, as well as in Fosston, Minnesota. Vaaler CEO Bruce Vaaler will continue to lead operations in the four locations.
With 8,000 colleagues and 160 offices across North America, Marsh McLennan Agency provides business insurance, employee health and benefits, retirement, and private client insurance solutions to organizations and individuals.
Source: Marsh McLennan Agency
Topics Mergers & Acquisitions
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