Marsh & McLennan Agency Acquires Dawson Insurance
New York | November 04, 2015
Fargo agency expands MMA's footprint into North Dakota
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced it has acquired Dawson Insurance Agency, a 98-year-old family-owned agency in Fargo, North Dakota. 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.
“Dawson Insurance’s extensive industry knowledge, history of client innovation, and culture of giving back to the community made it the perfect choice for MMA to enter the North Dakota market,” said David Eslick, MMA chairman and CEO. “We welcome Tom, Dan, and the rest of the Dawson Insurance team to the firm and look forward to growing our footprint in the region.”
Tom Dawson, president of Dawson Insurance, added: “We’re excited to begin our agency’s next 100-year journey with the exceptional people at MMA. Our dedicated team here at Dawson, our clients throughout the region, and the companies we represent will benefit greatly from our expanded access to services and expertise. In addition, we will maintain our strong culture and tradition of community involvement.”
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to primarily serve the needs of the middle market. In 2015, it expanded its national footprint into Canada. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
Marsh is the world’s leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue over US$15 billion and 75,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.