USI Holdings Corp. said it has closed on its deal to acquireSeattle-based Kibble & Prentice Holding Company. Terms of thedeal were not released.
USI announced its intention to acquire the firm last month.Kibble & Prentice is expected to contribute approximately $37million of revenues to USI on an annual basis.
Founded in 1972, Kibble & Prentice is a major insurancebroker in the Pacific Northwest with more than 200 employees. Thefirm's business is a mix of property-casualty, employee benefit andother financial services.
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