Divestiture • Insurance

USI Insurance Services Acquires The Pinnacle Group Certain Assets

On February 22, 2012, USI Insurance Services acquired insurance company The Pinnacle Group Certain Assets from Pinnacle Wealth Solutions

Acquisition Context
  • This is USI Insurance Services’ 24th transaction in the Insurance sector.
  • This is USI Insurance Services’ 26th transaction in the United States.
  • This is USI Insurance Services’ 2nd transaction in Virginia.

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M&A Deal Summary

Date February 22, 2012
Target The Pinnacle Group Certain Assets
Sector Insurance
Buyer(s) USI Insurance Services
Sellers(s) Pinnacle Wealth Solutions
Deal Type Divestiture

Target Company

The Pinnacle Group Certain Assets

Virginia, United States
The Pinnacle Group, Certain Assets, is a full-service employee benefits consulting firm specializing in middle-market business.
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Buyer Overview 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 Context for Buyer #
Overall 26 of 94
Sector: Insurance 24 of 83
Type: Divestiture 6 of 22
State: Virginia 2 of 2
Country: United States 26 of 94
Year: 2012 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-12 Bluff Head Enterprises

Wakefield, Rhode Island, United States

Bluff Head Enterprises an employee benefit consulting and brokerage firm specializing in middle-market businesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-07 Euclid Insurance Retail Insurance Assets

United States

Euclid Retail Business specializes in commercial property & casualty and employee benefits insurance for middle-market companies and personal lines insurance for individuals throughout the Mid-West.

Buy -

Seller Profile 1

SELLER

Pinnacle Wealth Solutions

Midlothian, Virginia, United States

Category Company
Founded 1985
Sector Business Services
DESCRIPTION

Pinnacle Wealth Solutions is a provider of a broad range of personalized wealth management services. Pinnacle Wealth Solutions was founded in 1985 and is based in Midlothian, Virginia.


Deal Context for Seller #
Overall 1 of 1
Sector: Insurance 1 of 1
Type: Divestiture 1 of 1
State: Virginia 1 of 1
Country: United States 1 of 1
Year: 2012 1 of 1