Associated Banc-Corp completes acquisition of Ahmann & Martin Co.

Special to The Freeman

Feb. 17, 2015

GREEN BAY ó Associated Banc-Corp announced Tuesday that it has closed on the previously announced acquisition of Ahmann & Martin Co.

Headquartered in Green Bay, Associated bought the risk and benefits consulting firm in Minnesota through a merger with and into Associated's subsidiary, Associated Financial Group, LLC.

Associated Financial Group is a benefits specialist firm with more than 240 insurance specialists across Associatedís three-state footprint and generates more than $49 million of annualized insurance-related revenues, according to the company. Ahmann & Martin Co. offers a range of complementary financial services such as employee benefits, risk management, and business insurance with specialization in industry-specific solutions.

According to the announcement, the combination of Ahmann & Martin Co. and Associated Financial Group will position it among the United States' top 50 insurance brokerage firms, based on 2013 pro forma revenues. The firms will employ more than 370 colleagues and serve approximately 14,000 clients combined.