Middle market agency Marsh & McLennan Agency (MMA) has acquired North Dakota-based Dawson Insurance Agency.
Terms of the deal have not been disclosed.
Founded in 1917, Dawson Insurance offers commercial and personal insurance, surety bonds, safety and loss control programs, and employee benefits services to its customers across North Dakota and Minnesota.
The agency is specialized in providing services for construction and real estate industries. With around 58 employees, Dawson Insurance generates $10m of revenue per annum.
MMA chairman and CEO David Eslick said: "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."
Dawson Insurance president Tom Dawson said: "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 June this year, MMA acquired Texas-based independent insurance broker, MHBT, which provides insurance, risk management, and employee benefits solutions to businesses and individuals throughout the US.
MMA provides commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.