USI Insurance Services L.L.C. has acquired Dayton, Ohio-based Quintessential Advisors Ltd., an independent broker specializing in insurance, investment and employee benefits for midsize firms.
Terms of the transaction were not disclosed,
In a statement Tuesday, Thomas D. Cassady, regional chief executive officer for USI's Cincinnati-based Midwest region, said the acquisition expands USI's employee benefits practice into the Dayton market.
Quintessential Advisors co-partners Robert J. Cornett Jr. and Judith K. Williams will be joining USI, continuing to serve the broker's clients, the statement said. Quintessential Advisors was formed in 1995.
USI Holdings Corp. was the 10th-largest broker of U.S. business according to Business Insurance's latest rankings.