N.Y.-based USI Insurance Acquires Barros International
USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., completed the acquisition of Barros International.
Barros is a Reston, Va.-based employee benefits brokerage firm specializing in diplomatic organizations and middle-market businesses. Terms of the transaction were not disclosed.
Founded in 1994, USI is a distributor of property/casualty and employee benefits products to businesses throughout the United States. USI Insurance operates out of 80 offices in 23 states. It is a portfolio company of Goldman Sachs Capital Partners, a private equity affiliate of Goldman Sachs & Co.
USI Insurance has been making a number of acquisitions in recent months. In September, it acquired all assets of First Place Insurance Agency of Youngstown, Ohio. Also in September, it purchased de la Parte & Associates, a Tampa, Florida, employee benefits and insurance consulting firm.
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