The acquisition of Dallas-based property/casualty program and specialty brokerage, U.S. Risk Insurance Group (U.S. Risk), by USI Insurance Services (USI), has been finalized.
Terms of the previously announced transaction were not disclosed.
U.S. Risk will maintain its Dallas headquarters and continue to operate independently under the company’s various existing brands, U.S. Risk, Oxford, MGB, James Hampden International, Antarah and UNIS.
U.S. Risk CEO Randall G. Goss and his current leadership team will remain and continue to lead these businesses.
Sandler O’Neill + Partners, L.P. served as financial advisor, and Ropes & Gray LLP served as legal counsel to U.S. Risk in this transaction. Simpson Thacher & Bartlett LLP served as legal counsel to USI.
USI Insurance Services is headquartered in Valhalla, New York.
Source: U.S. Risk
Topics Mergers & Acquisitions USA
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