Acquisitions in North Dakota in 2015
Showing 2 transactions.
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November 4, 2015
- Buyer
- Marsh & McLennan Agency LLC
- Target
- Dawson Insurance Agency
- Seller
- Dawson family (owners of Dawson Insurance Agency)
- Industry
- Insurance
- Location
- North Dakota, United States
- Type
- Buyout
Marsh & McLennan Agency LLC (MMA) has acquired Dawson Insurance Agency, a 98-year-old family-owned insurance agency based in Fargo, North Dakota. Dawson Insurance generates $10 million in revenue and has 58 employees who will join MMA's upper Midwest region; the deal gives MMA entry into the North Dakota market.
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- Buyer
- Hub International Limited
- Target
- BW Insurance Agency, Inc.
- Seller
- Bank of the West
- Industry
- Insurance
- Location
- North Dakota, United States
- Type
- Buyout
Hub International Limited has acquired BW Insurance Agency, Inc. (BWIA), a Bank of the West subsidiary that operates a multi-line property & casualty, personal and employee benefits insurance brokerage across more than 40 offices in eight states. BWIA will be integrated into Hub's regional operations (including Hub Mountain, Hub Colorado, Hub Northwest and Hub Midwest) to broaden Hub's geographic footprint and expand carrier and product access for BWIA's clients; terms were not disclosed.
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