M&A Deal Summary

USI Insurance Services Acquires Venneberg Insurance

On December 14, 2020, USI Insurance Services acquired insurance company Venneberg Insurance

Acquisition Highlights
  • This is USI Insurance Services’ 73rd transaction in the Insurance sector.
  • This is USI Insurance Services’ 84th transaction in the United States.
  • This is USI Insurance Services’ 2nd transaction in Alaska.

M&A Deal Summary

Date 2020-12-14
Target Venneberg Insurance
Sector Insurance
Buyer(s) USI Insurance Services
Deal Type Add-on Acquisition

Target

Venneberg Insurance

Sitka, Alaska, United States
website
Venneberg Insurance, Inc. is an independent risk management and insurance agency serving businesses and individuals throughout Southeast Alaska. Venneberg Insurance was founded in 1984 and is based in Sitka, Alaska.iiii

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Buyer(S) 1

Buyer

USI Insurance Services

Valhalla, New York, United States

website


Category Company
Founded 1994
SectorInsurance
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 84 of 91
Sector (Insurance) 73 of 80
Type (Add-on Acquisition) 62 of 69
State (Alaska) 2 of 2
Country (United States) 84 of 91
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 Associated Benefits and Risk Consulting

Minnetonka, Minnesota, United States

Associated Benefits and Risk Consulting is a multi-line insurance agency and Midwest-based consulting firm with 400 employees. It is the 36th largest broker of U.S. business providing employee benefits, retirement plans, compliance, business insurance, risk management, and individual insurance solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Reynolds & Reynolds

Des Moines, Iowa, United States

Reynolds & Reynolds is an independent risk management and employee benefits agency serving businesses and individuals throughout Iowa and nationally. Reynolds & Reynolds was founded in 1976 and is based in Des Moines, Iowa.

Buy -