White Plains, New York, March 2, 2017 – Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced that it has acquired Blakestad, Inc., a private client and commercial lines independent insurance agency. Terms of the transaction were not disclosed.
Headquartered in Minneapolis, Minnesota, Blakestad provides property/casualty insurance to privately held businesses and individuals, with particular expertise in working with high-net worth individuals and families worldwide. All of Blakestad’s employees and leadership, including its president Jerod Blakestad, are joining MMA and will continue operating out of the firm’s current Minneapolis office.
“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,” said Bill Jeatran, CEO of MMA’s upper Midwest region.
Mr. 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.”
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for 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.