Associated Banc-Corp in Green Bay, Wis., has agreed to buy Ahmann & Martin, a benefits consulting firm in Edina, Minn.

The $26 billion-asset Associated said in a press release Friday that the $48 million deal would expand services offered by its own business consulting division.

"The addition of this fast-growing and respected company to the Associated family enhances our ability to offer clients unique, comprehensive solutions," Philip Flynn, Associated's chief executive, said in the release.

The transaction, set to close next month, is not expected to have a material impact on Associated's 2015 earnings.


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