Marsh McLennan Agency, the middle market agency subsidiary of Marsh, said it has acquired Vaaler Insurance Inc., one of the largest independent agencies in North Dakota.
The company made the announcement on Tuesday, Sept. 7. Terms of the acquisition have not been 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 North Dakota offices in Grand Forks, Fargo, and Bismarck, as well as Fosston, Minn. Vaaler CEO Bruce Vaaler will continue to lead operations in the four locations.
“Over 70 years the Vaaler team have built a regional agency recognized for their commitment to delivering exceptional client service and innovative insurance solutions,” Timothy Fleming, CEO of MMA’s upper Midwest region, said in a prepared statement. “Today, we’re excited to welcome Bruce and his colleagues to our growing MMA family.”
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.”