Briarcliff Manor, N.Y.-based insurance broker USI Insurance Services says it will be acquired by Onex Corporation from GS Capital Partners.

The transaction, valued at approximately $2.3 billion, is anticipated to close by the end of 2012 subject to customary conditions and regulatory approvals.

USI was taken private in 2007 in by a group of employees and GS Capital Partners. USI says the employees “will remain significant investors in USI going forward.”

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