USI Holdings Corporation said it has acquired HRB Benefits Group of Wellesley Hills, Mass.
Terms of the deal were not released.
The retail employee benefits firm has provided benefits solutions to middle-market businesses for 20 years.
USI said the deal is expected to contribute $3 million in revenue to the Briarcliff Manor, N.Y., insurance brokerage firm.
David A. Bamel, president of HRB, will assume the role of benefits practice leader in USI's Woburn, Mass., office.
In a statement, David L. Eslick, chairman, president and chief executive officer of USI, said the acquisition would allow the firm to cross-sell to existing clients and to continue to attract new business out of its Woburn office.
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