CBIZ Acquires Minnesota’s Associated Insurance Agents

CBIZ Inc. announced it acquired Associated Insurance Agents (AIA), of Minneapolis, Minn., effective May 1, 2013.

Established in 1982, AIA is an insurance brokerage agency specializing in property and casualty insurance, personal lines, and health and benefit insurance for clients primarily in Minnesota, Wisconsin and Nebraska. With 32 associates and $3.8 million in revenue over the past twelve months, AIA has developed a reputation as specialists in the auto service, banking and construction industries.

AIA was selected as the “2011 Agency of the Year” by the Minnesota Independent Insurance Agent and Brokers Association. This recognition was awarded to AIA for their commitment to establishing and maintaining relationships of mutual trust, quality products and service, as well as their dedication to their customers and local communities.

CBIZ provides professional business services that help clients better manage their finances and employees. CBIZ provides its clients with financial services including accounting, tax and consulting, internal audit, merger and acquisition advisory and valuation services. Employee services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, life insurance, HR consulting, and executive recruitment. CBIZ also provides outsourced technology staffing and support services, real estate consulting services, healthcare consulting, and medical practice management.

Source: CBIZ Inc.

Topics Mergers & Acquisitions Agencies Minnesota