USI Insurance Services to Acquire Findley of Tennessee
USI Insurance Services has entered into a definitive agreement to acquire Nashville, Tenn.-based Findley, Inc. Subject to customary closing conditions, including regulatory approvals, the transaction is expected to close in November 2020.
Founded in 1969, Findley is an independent human resources and employee benefits consulting firm, providing actuarial, benefits and administrative consulting services to private and publicly held companies, the public sector and non-profit organizations. Findley employs more than 250 associates, serving clients across the country from seven office locations in the Midwest and Southeast. The firm serves organizations ranging from small employers to those with over 200,000 employees in many industry sectors including healthcare, manufacturing, professional services, retail, financial institutions, nonprofits, multi-employers and government entities.
Upon the completion of the transaction, Findley’s actuarial and retirement practices will be joined together with the resources of USI Consulting Group, a provider of defined contribution and defined benefit plan consulting and administration services, to form a national specialized retirement business. Findley’s human capital and health and group benefits practices will also be joined together with USI’s employee benefits resources, as an employee benefits consulting and brokerage firm.
USI offers property and casualty, employee benefits, personal risk, program and retirement services to large risk management clients, middle market companies, smaller firms and individuals. Headquartered in Valhalla, New York, USI connects over 8,000 industry professionals from approximately 200 offices to serve clients’ local, national and international needs.