New York-based insurance broker USI Holdings has acquired the New Jersey operation of Kinloch Holdings Inc.
The unit, based in West Orange, New Jersey, specializes in commercial property casualty and employee benefits insurance for middle-market businesses and is expected to contribute approximately $5.1 million in revenues to USI on an annual basis.
Terms of the deal were not disclosed.
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Source: USI Holdings
Topics Mergers & Acquisitions New Jersey
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