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Member, Beacon International Group, Ltd.
BRIARCLIFF MANOR, N.Y.—USI Insurance Services, a unit of USI Holdings Corp., said it has completed the acquisition of de la Parte & Associates, a Tampa, Fla.-based employee benefits and insurance consulting firm.
The acquired company specializes in corporate health and welfare benefits, wellness initiatives, retirement services, executive benefits and human resources consulting for middle-market businesses.
Terms of the transaction were not disclosed.
James W. Dunn, USI's regional CEO for the Southeast, said in a Friday statement that the acquisition will strengthen USI's position in Florida.
Kim M. de la Parte, CEO and founder of de la Parte & Associates, said the acquisition will enable de la Parte to offer its clients access to “more diverse, proprietary programs and solutions, cutting-edge technology, and greater access to tools and resources that will support client needs and enhance our value propositions.”
Briarcliff Manor, N.Y.-based USI is the nation's eighth-largest insurance brokerage based on 2010 revenues of $632.2 million, according to the 2011 Business Insurance broker rankings.
YOUNGSTOWN, Ohio—USI Insurance Services L.L.C. has substantially finalized its acquisition of First Place Insurance Agency Ltd. from Warren, Ohio-based First Place Financial Corp., the companies announced Wednesday.