USI Insurance Closes Acquisition of Minnesota’s CHS Insurance

USI Insurance Services (USI), based in Valhalla, N.Y., has closed the acquisition of CHS Insurance, formerly part of Minnesota-based fuel, grain and food cooperative, CHS Inc.

CHS Insurance is one of the nation’s largest agribusiness insurance brokers and a leading insurance provider of agriculture cooperatives in the United States. It has provided insurance and risk management solutions to agribusiness, food processing, petroleum and agricultural cooperatives for 80 years.

Formerly known as Ag States Group, the name was changed to CHS Insurance Services in 2013.

Terms of the transaction were not disclosed.

Source: USI Insurance Services