Marsh & McLennan Expands Construction Capabilities Through Acquisition
- July 09, 2018
Marsh & McLennan Agency Acquires Klein Agency
Minnesota Agency Expands Construction Capabilities in MMA’s Upper Midwest Region
WHITE PLAINS, NY -- Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced that it has acquired Klein Agency, Inc., a St. Paul, Minnesota-based surety and property/casualty agency specializing in the construction industry. Terms of the transaction were not disclosed.
Klein Agency is a third-generation family-run agency. It has focused for more than 50 years on helping construction companies with their surety bonding, as well as personal and business insurance needs. All of Klein’s employees and leadership will join MMA, and continue operating out of Klein’s existing office.
“With Klein Agency’s people, resources, and expertise now part of MMA, our region will expand its ability to deliver world class surety services to our construction clients in Minnesota as well as the upper Midwest,” said Tim Fleming, CEO of MMA’s upper Midwest region.
“We’re eager to begin working collaboratively with our new colleagues at MMA. Together, we will deliver an enhanced suite of services to our clients,” said Steve Klein, Vice President of Klein Agency.