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Member, Beacon International Group, Ltd.
USI Insurance Services L.L.C. said on Monday it has acquired Forrest Sherer Insurance Inc. from First Financial Corp.
Terms of the transaction were not disclosed.
Terre Haute, Indiana-based Forrest Sherer provides property-casualty, employee benefits and personal risk services.
Forrest Sherer has 60 employees, and they will remain at the current Terre Haute and Evansville, Indiana, locations, USI said in a statement.
“We are excited to welcome the Forrest Sherer team and their long history of delivering great expertise, people and service to their clients and communities. USI has grown into one of the leading property & casualty, employee benefit and personal risk broker consultants in Indiana, and we are committed to continue to invest and grow in this great state and the surrounding communities,” Michael J. Sicard, chairman, president and CEO of Valhalla, New York-based USI said in the statement.
Forrest Sherer will operate as USI Insurance Services, according to USI spokeswoman.
NEW YORK — Merger and acquisition activity can pack a double whammy for risk managers.