WHITE PLAINS, N.Y.–Marsh McLennan Agency, a subsidiary of Marsh, today announced the acquisition of AmeriStar Agency, Inc., a Wayzata, Minnesota-based independent agency. Terms of the acquisition were not disclosed.
Founded in 1987, AmeriStar provides a range of insurance coverage solutions to high net worth individuals and commercial clients. All AmeriStar employees, including President Matt Schadow, will join Marsh McLennan Agency and continue to operate out of their existing Wayzata office.
Commenting on the acquisition, Timothy Fleming, Chairman of Marsh McLennan Agency’s Upper Midwest region, said: “As we continue executing on our growth strategy of finding high-quality agencies that meet our evolving client needs, we look forward to working with the AmeriStar team to offer deeper risk management expertise and solutions for businesses and individuals.”
“Joining Marsh McLennan Agency is a significant milestone for our team, empowering us to enhance our service offerings and tap into their expertise and resources,” added Mr. Schadow. “We are eager to begin delivering clients elevated solutions to their unique exposures in today’s dynamic market.”
Source: Marsh McLennan Agency
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