Marsh McLennan Agency, the middle market agency subsidiary of Marsh, has announced the acquisition of Vaaler Insurance, Inc., one of the largest independent agencies in North Dakota.
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 health care industries.
Founded in 1947, Vaaler has 81 employees across offices in Grand Forks, Fargo and Bismarck, North Dakota, as well as Fosston, Minn.
Vaaler CEO Bruce Vaaler will continue to lead operations in the four locations.
In a statement, Timothy Fleming, CEO of MMA's Upper Midwest region, welcomed the Vaaler team to the "growing MMA family."
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“Over 70 years the Vaaler team have built a regional agency recognized for their commitment to delivering exceptional client service and innovative insurance solutions. Today, we’re excited to welcome Bruce and his colleagues to our growing MMA family,” Fleming said.
Vaaler added, “As risk continues to evolve, so does the need to provide sophisticated solutions and expertise to our clients. Joining MMA gives us the added strength and resources that will allow us to both support our clients and provide growth opportunities for our colleagues well into the future.”
Terms of the acquisition were not disclosed.
