North Risk Partners has acquired David Paulson Agency, an agency located in Wadena, Minn. with roots dating back over 100 years.
The deal, effective July 1, grows North Risk to 17 locations statewide, from Roseau in the North to Rochester in the South.
For David Paulson Agency clients, both businesses and individuals, the acquisition means more options for coverages and loss prevention services.
“North Risk’s approach of offering big-company resources delivered with the personalized attention of a small agency aligns with our values,” says John Paulson, who co-owned the agency with his brother Kevin Paulson for many years.
According to Paulson, North Risk-sponsored capabilities he’s excited to now offer his commercial clients include employee benefits programs, human resources support, safety programs, regulatory compliance consulting, and worksite wellness tools.
“We’ve always done what’s best for our clients and joining North Risk Partners gives us more opportunity to do just that,” says Paulson. “I’m excited to share our new services with our clients.”
With this acquisition, North Risk Partners welcomes five insurance professionals to its team, growing the company to 180 employees statewide.
“This acquisition helps continue our growth throughout Central Minnesota,” says North Risk Partners President and CEO Chris Meidt. “The agency is located between two of our core offices in St. Cloud and Thief River Falls, giving John and his team immediate access to resources from the North and South. I am thrilled to welcome the David Paulson team to the North Risk Partners family.”
John and Kevin Paulson have joined North Risk as risk advisors with a primary focus on commercial accounts. Long-time employees, Cindy Pajari and Julie Bushinger, as well as Teara Hammes who is coming up on her five-year anniversary with the agency, have joined North Risk in service roles.
The Paulson family has been in the insurance business since 1961 when John’s and Kevin’s parents, David and Arleen, purchased the agency from its previous owner.
In 1997, John and Kevin purchased the insurance side of the business, separate from the real estate portion of the business, Paulson Agency Realty, which today remains in the ownership of Arleen Paulson.
Arleen, who previously acted as office manager for the insurance business, is now focused solely on the real estate business, operating in the same building at 614 Ash Ave. NE.
Today, if you call the agency, you will be greeted with the name ‘North Risk Partners – Paulson Agency,’ part of North Risk’s co-branding effort designed to build association between the two agencies in Wadena and surrounding communities.
North Risk Partners is a top five Minnesota independent insurance agency with 17 locations statewide, including Albany, Annandale, Baudette, Freeport, Hastings, Lake City, Mankato, Melrose, Monticello, Red Wing, Rochester, Roseau, St. Cloud, St. Paul, Thief River Falls, Wadena, and Willmar. North Risk’s advisors help both businesses and individuals mitigate risk through insurance and a wide variety of value-added services designed to prevent avoidable losses. For more information, visit www.northriskpart3.wpengine.com.