USI Insurance Services has acquired Suncoast Insurance Associates Inc., a Tampa, Florida-based insurance brokerage specializing in professional liability programs in Florida.
USI said this acquisition is expected to contribute approximately $3 million in revenues on an annual basis.
Terms of the transaction were not disclosed.
USI is headquartered in Briarcliff Manor, N.Y., and operates out of 81 offices in 24 states. USI is a portfolio company of private equity firm Goldman Sachs Capital Partners
Topics Mergers & Acquisitions Florida
Was this article valuable?
Here are more articles you may enjoy.
Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
AM Best: Data Centers Pose Risks Beyond What P/C Industry Has Experienced 
Read 14-Point Draft Memorandum of Understanding Between the US and Iran 
