M&A Deal Summary

USI Acquires H.W. Gates Agency

On February 27, 2007, USI acquired insurance company H.W. Gates Agency

Acquisition Highlights
  • This is USI’s 4th transaction in the Insurance sector.
  • This is USI’s 4th transaction in the United States.
  • This is USI’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2007-02-27
Target H.W. Gates Agency
Sector Insurance
Buyer(s) USI
Deal Type Add-on Acquisition

Target

H.W. Gates Agency

Memphis, Tennessee, United States
H.W. Gates Agency, Inc. is a provider of property-casualty insurance products and services to businesses throughout the Memphis-metro area.

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Buyer(S) 1

Buyer

USI

Briarcliff Manor, New York, United States
Category Company
Founded 1994
Sector Insurance
Employees3,018
DESCRIPTION

USI is a provider of employee health and welfare products and related consulting and administration services.

DEAL STATS #
Overall 4 of 5
Sector (Insurance) 4 of 4
Type (Add-on Acquisition) 4 of 5
State (Tennessee) 2 of 2
Country (United States) 4 of 5
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-23 Benefit Partners of America

Tennessee, United States

Benefit Partners of America is a worksite marketing firm that designs, markets and administers voluntary insurance programs via payroll deduction for large U.S. employers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-11 BenefitPort

New Jersey, United States

BenefitPort, an employee benefit general agent.

Buy -
Mergr

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