USI Insurance Services Acquires Quintessential Advisors, Ltd.

VALHALLA, N.Y. --(Business Wire)--

USI Insurance Services ("USI") announced the closing of the acquisition of Quintessential Advisors, Ltd. ("Quintessential") headquartered in Dayton, Ohio. Terms of the transaction were not disclosed.

Quintessential Advisors was founded in 1995 as an independent firm with experienced financial professionals specializing in insurance, investments and employee benefits. The addition of Quintessential Advisors to the USI family extends the presence of USI as one of the largest property and casualty and employee benefits firms in the Midwest region and nationally.

"The combination of our practices enables us to offer enhanced products and services to our customers, and allows for strategic partnering in growth opportunities," said Robert J. Cornett, Jr., co-partner of Quintessential Advisors. "We are excited to be joining USI, and we remain committed to serving our clients with problem-solving capabilities that help them better manage their risk in a cost-effective manner."

Judith K. Williams, co-partner of Qintessential Advisors, said: "USI's approach of providing locally coordinated expertise combined with nationally recognized, technical resources is an excellent fit for our clients. Bob and I look forward to working with Tom and his team, and to growing the business with an eye on creativity, the bottom line, thoroughness and integrity."

Thomas D. Cassady, regional chief executive officer for the USI Midwest region, said: "The acquisition expands our employee benefit practice into the Dayton, Ohio market where we believe we can grow successfully with our clients by improving the adverse trends of healthcare. Quintessential's reputation for providing quality service and innovative benefits solutions is a perfect complement to USI's value proposition, and I look forward to working with Bob and Judi to provide expanded services to their clients as well forging new customer relationships at this new location for USI."

About Quintessential Advisors

Quintessential Advisors was formed in 1995 and represents a team of professionals uniquely qualified to evaluate the efficient use of its clients' dollars. Where most advisors are compensated for individual efforts, the partners of Quintessential have shared equally in the success of the company. Each partner draws from years of experience in different sectors of the financial services industry, resulting in a synergy that is unmatched.

About USI Insurance Services

Founded in 1994, USI is the 10th largest insurance broker in the United States and the 14th largest in the world. USI is headquartered in Valhalla, N.Y. and operates out of approximately 100 offices across the United States. Additional information about USI may be found at www.usi.biz.