USI Holdings Corp. insurance brokerage said it has acquired EBC Inc., a Fort Lauderdale, Fla.-based middle market benefits broker.
Terms of the deal were not released.
USI, based in Briarcliff Manor, N.Y., said the acquisition of EBC is expected to contribute approximately $700,000 in revenue to the firm on an annual basis.
“EBC creates an opportunity for increased organic growth and cross-selling through the addition of benefits expertise to our Boca Raton [Fla.] operation,” said Jeffrey J. Haynes, regional chief executive officer of USI Southeast Region.
Robert J. Anderson, president of EBC, will join USI in the Boca Raton office as the Southeast regional benefits practice leader.
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