USI Completes Acquisition of Tricerion

July 19, 2011

New York-based agency USI Insurance Services has closed on its acquisition of Tricerion Group, an online employee benefits firm.

USI said the acquisition is expected to contribute approximately $3.6 million in revenues on an annual basis. Terms of the transaction were not disclosed.

Tricerion, based in Alpharetta, Georgia, will become the Benefits Administration Service Center of Univers Workplace Solutions, which is USI’s benefit communication and enrollment operation.

USI is headquartered in Briarcliff Manor, N.Y., and operates out of 78 offices in 23 states. USI is a portfolio company of Goldman Sachs Capital Partners.

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