.
MergerLinks Header Logo

New Deal


Announced

Completed

USI Insurance Services completed the acquisition of Cavanah Associates.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

insurance brokerage

Private

Completed

Friendly

United States

Majority

Single Bidder

independent brokerage firm

Insurance Brokers

Acquisition

Domestic

Synopsis

Edit

USI Insurance Services, a provider of risk management, employee benefit and retirement plan consulting, completed the acquisition of Cavanah Associates an independent brokerage firm specializing in commercial and personal risk insurance programs. Financial terms were not disclosed. "This exciting partnership establishes a new Hawaii-based presence for USI, and we are excited to welcome Jim Cavanah, Chris Laniauskas and the entire team of professionals from Cavanah Associates. We look forward to advancing Cavanah Associates’ longstanding tradition of delivering innovative risk management solutions and expertise to clients leveraging the USI ONE Advantage®, a proprietary platform integrating analytics, networked resources and strategic planning to deliver customized solutions with economic impact," Chris Prentice, USI Regional CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US