M&A Deal Summary

USI Insurance Services Acquires Cavanah

On October 23, 2023, USI Insurance Services acquired insurance company Cavanah

Acquisition Highlights
  • This is USI Insurance Services’ 81st transaction in the Insurance sector.
  • This is USI Insurance Services’ 92nd transaction in the United States.
  • This is USI Insurance Services’ 1st transaction in Hawaii.

M&A Deal Summary
Date 2023-10-23
Target Cavanah
Sector Insurance
Buyer(s) USI Insurance Services
Deal Type Add-on Acquisition

Target

Cavanah

Honolulu, Hawaii, United States
website
Cavanah is an independent brokerage firm specializing in commercial and personal risk insurance programs. Cavanah was founded in 1976 and is based in Honolulu, Hawaii.

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Buyer(S) 1

Buyer

USI Insurance Services

Valhalla, New York, United States

website

Category Company
Founded 1994
Sector Insurance
DESCRIPTION

USI Insurance Services is a provider of a fully integrated distribution of general and specialty property and casualty insurance and financial services such as employee benefits outsourcing and related consulting. USI Insurance Services was founded in 1994 and is based in Valhalla, New York.

DEAL STATS #
Overall 92 of 92
Sector (Insurance) 81 of 81
Type (Add-on Acquisition) 70 of 70
State (Hawaii) 1 of 1
Country (United States) 92 of 92
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-16 Ames Grenz Insurance

Sacramento, California, United States

Ames Grenz Insurance is a provider of insurance services and products with an emphasis on the life and disability insurance market. Ames Grenz Insurance expanded its portfolio of products to include a wide range of health benefits to better serve the needs of clients. Ames Grenz Insurance was established in 1971 and is based in Sacramento, California.

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