USI Insurance to acquire employee benefits consulting firm Findley
USI Insurance Services has agreed to acquire Findley, a human resources (HR) and employee benefits consulting firm based in Tennessee, for an undisclosed price.
Findley, which was established in 1969, offers actuarial, benefits, and administrative consulting services. The company caters to private and public held firms, the public sector, and also non-profit organizations.
On the other hand, the New York-based USI Insurance Services deals in risk management, employee benefit, and retirement consulting.
More than 250 associates work at Findley, serving clients all over the US from seven offices located across the Midwest and Southeast.
Betsy Hammond – managing principal and CEO of Findley said: “Over the last 50 years, Findley has earned a strong reputation for helping organizations succeed by aligning people and benefit strategies to achieve business goals. By joining forces with USI, we look forward to expanding our service offerings to our valued clients through USI’s premier network of national resources and expertise.”
The actuarial and retirement practices of Findley will be combined with the resources of USI Consulting Group, following the completion of the transaction, to create a major specialized retirement business in the US.
USI Consulting Group offers defined contribution and benefit plan consulting and administration services.
On the other hand, the human capital and health and group benefits practices of Findley will be merged with the employee benefits resources of USI Insurance Services to create one of the largest employee benefits consulting and brokerage firm in the country.
Michael J. Sicard – USI Insurance Services Chairman and CEO said: “We look forward to welcoming Betsy and the talented professionals from Findley to the USI family.
“By joining as ONE, we are excited to build on Findley’s strong reputation for delivering comprehensive human resource and benefit consulting services and solutions to clients by leveraging the USI ONE Advantage, an interactive platform that integrates proprietary and innovative client solutions, networked local resources and enterprise-wide collaboration to deliver customized results with positive, bottom line financial impact.”
The deal, which is subject to receipt of regulatory approvals and customary closing conditions, is expected to be wrapped up next month.