U.S.I. Acquires Houston Benefits Firm
NU Online News Service, Dec. 30, 11:55 a.m. EST?U.S.I. Holdings Corporation announced it has acquired the Houston-based firm, The Benefits Team.[@@]
TBT has provided employee benefits to middle market clients since 1996, U.S.I. said.
The Briarcliff Manor, N.Y.-based insurance broker added that TBT's expertise with institutional clients and other niches would create additional depth and scale in U.S.I.'s existing employee benefit practice in Houston.
TBT will be integrated with U.S.I.'s existing Houston operation and is expected to contribute approximately $2 million in revenue to U.S.I. in the coming year, the broker said.
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