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Valhalla, New York-based USI Insurance Services L.L.C. said Thursday it has acquired the employee benefits business of Benefit Controls of the Carolinas Inc.
Terms of the deal were not disclosed.
Benefit Controls of the Carolinas designs and manages employee benefits and wellness products and provides human resources consulting, according to the statement.
Employees of Benefit Controls of the Carolinas will remain in their current Charlotte, North Carolina, location.
“With this acquisition, our clients will benefit from USI’s national market leverage and expanded suite of products and services, while still enjoying the high touch, specialized customer care we have become known for in the Carolinas,” W. Scott Gantt, president of Benefit Controls of the Carolinas, said in the statement.
“This acquisition further strengthens our footprint in the Southeast and we plan to invest heavily and build around Scott’s leadership,” James W. Dunn, regional CEO for the USI Southeast region, said in the statement.
The deal marks USI’s first acquisition in North Carolina, according to the statement.
USI Holdings Corp. is the eighth-largest broker of U.S. business, according to Business Insurance’s latest ranking.
R-T Specialty L.L.C., the wholesale brokerage unit of Ryan Specialty Group L.L.C., has acquired specialty wholesaler A.J. Renner & Associates from USI Holdings Corp.