N.Y.-based USI Insurance Acquires Barros International

November 29, 2011

USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., completed the acquisition of Barros International.

Barros is a Reston, Va.-based employee benefits brokerage firm specializing in diplomatic organizations and middle-market businesses. Terms of the transaction were not disclosed.

Founded in 1994, USI is a distributor of property/casualty and employee benefits products to businesses throughout the United States. USI Insurance operates out of 80 offices in 23 states. It is a portfolio company of Goldman Sachs Capital Partners, a private equity affiliate of Goldman Sachs & Co.

USI Insurance has been making a number of acquisitions in recent months. In September, it acquired all assets of First Place Insurance Agency of Youngstown, Ohio. Also in September, it purchased de la Parte & Associates, a Tampa, Florida, employee benefits and insurance consulting firm.

Topics Mergers New York

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