USI Insurance Services L.L.C., a major insurance brokerage and consulting firm, has acquired Diversified Insurance Service L.L.C.
Valhalla, New York-based USI now has about 4,400 professionals in 140 offices located in every state. It generates more than $1 billion in annual revenue.
Diversified Insurance, which is based in Elmore, Ohio, is a risk management and employee benefits firm that operates mainly in Ohio. It operates mainly in Ohio.
The companies are not saying how much USI is paying.
Thomas Cassady, the head of USI’s Midwest region, said USI has wanted to “invest, expand and grow” in Ohio.
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