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Member, Beacon International Group, Ltd.
Briarcliff Manor, N.Y.-based USI Insurance Services has closed the acquisition of Bluff Head Enterprises, Inc., a Wakefield, R.I.-based employee benefit consulting and brokerage firm specializing in middle-market businesses, USI announced Tuesday.
USI said that upon the closing of the acquisition, Samuel B. Slade, currently the President of BHE, will be the president of the employee benefits division of USI of Rhode Island.
“BHE is a great addition to our rapidly expanding employee benefit practice in the state of Rhode Island,” said J. Thomas Stiles, USI's regional CEO for New England, in a statement announcing the development. “This acquisition strengthens our position as one of the leading insurance brokerage firms in Rhode Island and one of the largest benefit insurance brokerage firms in the United States."
Terms of the transaction were not disclosed.