Nelson Schmidt Acquires Waldbillig & Besteman

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Seeking growth in a slow economy and diversified offerings in a cut-throat competitive arena, Waldbillig & Besteman has agreed to sell to Nelson Schmidt in a deal that will keep both agency names alive, executives said.

Nelson Schmidt majority owner Dan Nelson Sr.’s addition of W&B in Madison, Wis., adds an estimated $23 million in billings.

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