U.S.I. To Acquire Dodge, Warren & Peters
NU Online News Service, Jan. 6, 10:42 a.m. EST?U.S.I. Holdings Corp. said it has reached an agreement in principle to acquire Los Angeles-based insurance broker Dodge, Warren & Peters Insurance Services Inc.[@@]
Terms of the transaction, still subject to negotiation, were not disclosed. Briarcliff, N.Y.-based U.S.I. said it expects the transaction to be completed during the first quarter of this year. A spokeswoman for U.S.I., Maria Slippen, said her firm expects that in the 12 months after closing DWP would generate $25 million in revenues.
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