USI Holdings Corporation said its stockholders have approved an agreement for the insurance brokerage firm to be acquired by GS Capital Partners Corporation.
The firm said the agreement was approved by the majority of its stockholders.
The Briarcliff Manor, N.Y.-based firm said it expects the merger to be completed by April 30.
Founded in 1994, the firm operates out of 66 offices in 18 states.
USI has reported that it is being purchased for a total of $1.4 billion, at $17 a share of common stock.
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