M&A Deal Summary

USI Insurance Services Acquires First Place Insurance Agency

On September 21, 2011, USI Insurance Services acquired insurance company First Place Insurance Agency from First Place Financial

Acquisition Highlights
  • This is USI Insurance Services’ 20th transaction in the Insurance sector.
  • This is USI Insurance Services’ 22nd transaction in the United States.
  • This is USI Insurance Services’ 1st transaction in Ohio.

M&A Deal Summary
Date 2011-09-21
Target First Place Insurance Agency
Sector Insurance
Buyer(s) USI Insurance Services
Sellers(s) First Place Financial
Deal Type Divestiture

Target

First Place Insurance Agency

Youngstown,, Ohio, United States
First Place Insurance is one of the middle-market insurance brokerage firms in the Youngstown / Warren, Ohio, market place. First Place Insurance specializes in commercial property & casualty and employee benefits insurance for middle-market businesses and personal lines insurance for individuals.

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Buyer(S) 1

Buyer

USI Insurance Services

Valhalla, New York, United States
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 22 of 93
Sector (Insurance) 20 of 82
Type (Divestiture) 5 of 22
State (Ohio) 1 of 4
Country (United States) 22 of 93
Year (2011) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-21 Plumhoff & Associates

Houston,, Texas, United States

Plumhoff & Associates, an employee benefit brokerage firm specializing in corporate health and welfare benefits, executive benefits, and international benefits for upper middle-market businesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-23 de la Parte & Associates

Tampa, Florida, United States

de la Parte & Associates, an employee benefits & insurance consulting firm specializing in corporate health and welfare benefits, cutting edge wellness initiatives, retirement services, executive benefits, and human resources consulting for middle-market businesses.

Buy -

Seller(S) 1

SELLER

First Place Financial

Warren, Ohio, United States
Category Company
Sector Financial Services
Employees839
DESCRIPTION

First Place Financial Corp. is a provider of financial services in US.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-30 OC Financial

Dublin, Ohio, United States

OC Financial, Inc. is a provider of financial services.

Buy -
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