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.
Was this article valuable?
Here are more articles you may enjoy.
Door of Swiss Bar Where 40 Died in Fire Was Locked, Says RTS 
Alliant Latest to Sue Howden US Over Alleged ‘Smash-and-Grab’ Poaching 
Experian: AI Agents Could Overtake Human Error as Major Cause of Data Breaches 
CEOs on Guard as Trump Rattles Companies With Series of Edicts 
