Star Tribune

Associated Banc-Corp of Wisconsin said it has agreed to acquire Ahmann-Martin Co. of Eden Prairie, a risk-management, insurance-and-benefits consulting firm, and merge it into Associated’s subsidiary Associated Financial Group. The transaction, expected to close next month, is valued at about $48 million with the opportunity to increase the consideration by $8 million should certain contingencies be met over time. The transaction is expected to add to Associated’s earnings by 2017.

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