Marsh & McLennan acquires Minneapolis agency Blakestad
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired a US-based private client and commercial lines independent insurance agency Blakestad.
The acquisition of the Minneapolis agency adds private client capabilities to MMA's upper Midwest region, the company said. Blakestad provides property/casualty insurance to privately held businesses and individuals, with particular expertise in working with high-net worth individuals and families worldwide.
Following the deal, all of Blakestad's employees and leadership, including its president Jerod Blakestad, will join MMA and will continue operate out of the firm's current Minneapolis office.
Bill Jeatran, CEO of MMA's upper Midwest region, said: "The addition of Blakestad to our firm expands our capabilities in the private client market with an established agency and highly regarded team of professionals."
Blakestad added: "We look forward to joining the MMA team, which allows us to expand the resources we can offer clients and continue to grow our practice."
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