Please ensure Javascript is enabled for purposes of website accessibility
Home / Today's Top Stories / Riedman buys N. Dakota company

Riedman buys N. Dakota company

Riedman Corp. has acquired a North Dakota company.
The local company purchased Moran Insurance Inc., based in Jamestown, N.D. Terms of the deal were not disclosed.
“The merger allows the Jamestown office to deliver new products, services and expertise to their clients,” said James Riedman, president of one of the country’s leading insurance brokers. “We welcome them to our growing network.”
Riedman Corp. is the nation’s ninth-largest privately held insurance firm and 26th-largest insurance broker. The company operates 74 offices in 13 states.
The company earlier this year signed a definitive agreement to merge its insurance operations into Brown & Brown Inc. Florida-based Brown & Brown is the nation’s ninth-largest insurance broker.
The transaction, for an undisclosed price, is expected to close Jan. 1.
Riedman last year posted insurance-related revenues of $51.1 million. Brown & Brown’s revenues have soared since 1993, from $35 million to $176.4 million last year. The companies project the combined firm to top $250 million in 2001 revenues.

Riedman buys N. Dakota company

Riedman Corp. has acquired a North Dakota company. The local company purchased Moran Insurance Inc., based in Jamestown, N.D. Terms of the deal were not disclosed. Riedman Corp. is the nation’s ninth-largest privately held insurance firm and 26th-largest insurance broker. The company operates 74 offices in 13 states.

x

Check Also

Forecast for 2023: Expected recession may be swifter, softer than feared (access required)

As we say goodbye to November — another month when the U.S. Federal Reserve raised interest rates by three-quarters of ...

So much more than a store: Growth of Goodwill & employees at heart of it all (access required)

This year has been exciting for us at Goodwill of the Finger Lakes. We’ve seen a significant trajectory of growth ...

NextCorps’ Embark Accelerator positions Rochester as no-code software development hub (access required)

In its first year, Nextcorps’ Embark — a business accelerator program that fosters the startup of viable software companies — ...

Best Places to Work For DEI honorees announced (access required)

The Rochester Business Journal has announced the honorees for the inaugural Best Places to Work For DEI awards. This regional ...

SBEW logo

Small business hiring and worker wages hold steady in November, survey shows  (access required)

The rate of job growth and hourly earnings growth held relatively steady at U.S. small businesses in November, according to ...

FLCC expands network of community education sites (access required)

The Waterloo Community Center at 3 Oak St. will join the Macedon Public Library, Clifton Springs Library and other sites ...

College football’s gluttonous bowl schedule about to begin, perhaps sans numerous stars

Tis the season to be jolly — and bowled over by college football bowl games. Forty-one are scheduled for December ...