Briarcliff Manor, N.Y.-based has acquired all the issued and outstanding capital stock of Chicago-based Diversified Insurance Services Inc.
Established in 1985, Diversified provides group and individual employee benefits to middle market clients. Patrick Moore, president and CEO of Diversified, will assume the role of senior vice president and client manager for USI Insurance Services of Illinois.
This acquisition will be integrated with USI’s existing Chicago operation and is expected to contribute $800,000 in revenues in the next 12 months.
Topics Mergers & Acquisitions
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