M&A Deal Summary

USI Insurance Services Acquires MVB Insurance

On July 1, 2016, USI Insurance Services acquired insurance company MVB Insurance from MVB Bank

Acquisition Highlights
  • This is USI Insurance Services’ 58th transaction in the Insurance sector.
  • This is USI Insurance Services’ 64th transaction in the United States.
  • This is USI Insurance Services’ 1st transaction in West Virginia.

M&A Deal Summary
Date 2016-07-01
Target MVB Insurance
Sector Insurance
Buyer(s) USI Insurance Services
Sellers(s) MVB Bank
Deal Type Divestiture

Target

MVB Insurance

Morgantown, West Virginia, United States
MVB Insurance LLC is a retail property casualty and employee benefits insurance brokerage firm.

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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 64 of 93
Sector (Insurance) 58 of 82
Type (Divestiture) 18 of 22
State (West Virginia) 1 of 1
Country (United States) 64 of 93
Year (2016) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-03 Hanratty & Associates

Plymouth, Minnesota, United States

Hanratty & Associates, Inc. is a provider of employee benefits and consulting services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Johnson & Bryan

Atlanta, Georgia, United States

Johnson & Bryan, Inc. is a retail property-casualty and employee benefits insurance brokerage firm based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

MVB Bank

Fairmont, West Virginia, United States
Category Company
Founded 1997
Sector Financial Services
Employees445
Revenue 146M USD (2023)
DESCRIPTION

MVB Bank is a financial holding company, that provides banking services. MVB Bank was founded in 1997 and is based in Fairmont, West Virginia.

DEAL STATS #
Overall 1 of 4
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 4
State (West Virginia) 1 of 3
Country (United States) 1 of 4
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-16 Chartwell Compliance

Bethesda, Maryland, United States

Chartwell Compliance provides integrated regulatory compliance, financial crimes prevention and enterprise risk management services which include consulting, outsourcing, testing, and training solutions Chartwell Compliance is based in Bethesda, Maryland.

Buy -
Mergr

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Company

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