USI Acquires Iowa’s Reynolds & Reynolds

Global insurance broker USI Insurance Services announced the acquisition of Des Moines, Iowa-based Reynolds & Reynolds, Inc.

Founded in 1976, Reynolds & Reynolds is an independent risk management and employee benefits agency doing business in Iowa and nationally. Terms of the transaction were not disclosed.

USI Chairman and CEO Michael J. Sicard said Reynolds & Reynolds introduces a local Iowa-based presence for USI and an expanded suite of risk management and employee benefit services.

Headquartered in Valhalla, New York, USI is a national middle market broker approaching $2.0 billion in revenue with more than 8,000 professionals in approximately 200 offices throughout the United States.

Source: USI