Birarcliff Manor, N.Y.-based USI Holdings Corp. announced it has acquired all the issued and outstanding capital stock of Cincinnati, Ohio-based O’Leary-Kientz, Inc.
Established in 1980, O’Leary-Kientz provides its clients risk management and insurance services and has a specialty in construction insurance and surety services. The acquisition of O’Leary-Kientz by USI will solidify USI’s position as one of the largest insurance brokerage firms in the Southern Ohio region, the company said in a statement.
Thomas W. Chatham, president and CEO of O’Leary-Kientz, will assume the new role of President of USI Midwest’s commercial division and join the management team of USI Midwest.
This acquisition will be fully integrated with USI’s existing Cincinnati operation and is expected to contribute approximately $4.5 million in revenues to USI over the next year.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry 
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations 
Brown & Brown Reports Strong Q3 Revenue Growth of 35.4% 
