U.S.I. Holdings Corp. in Briarcliff Manor, N.Y., announced the purchase Monday of Benefit Partners of America in Nashville.
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The transaction's terms were not disclosed. The purchase is expected to contribute about $4 million of annual revenue to U.S.I.
Benefit Partners is a marketing firm that designs, markets, and administers voluntary insurance programs via payroll deductions for large employers nationwide.
David L. Eslick, U.S.I.'s chairman, president, and chief executive officer, said in a press release that the deal would "enhance our position as one of the largest single producers of voluntary benefits in the insurance brokerage industry, with three distinct distribution channels."
