Briarcliff Manor, N.Y.-based USI Holdings Corp. has acquired all the issued and outstanding capital stock of Chicago-based Diversified Insurance Services Inc.
Established in 1985, Diversified provides group and individual employee benefits to middle market clients. Patrick Moore, president and CEO of Diversified, will assume the role of senior vice president and client manager for USI Insurance Services of Illinois.
This acquisition will be integrated with USI’s existing Chicago operation and is expected to contribute $800,000 in revenues in the next 12 months.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Renewals for Most Commercial Lines Decrease in May, Says Ivans 
Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally 
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership 
