U.S.I. Holdings Corporation has acquired Summit Global Partners, enhancing its market presence and expected to add approximately $66 million in annual revenues.

Target Company Overview

U.S.I. Holdings Corporation ("USI") has officially acquired Summit Global Partners ("SGP"), a prominent insurance brokerage firm headquartered in Dallas, Texas. Established in 1996, SGP ranks as the 14th largest privately held insurance brokerage firm in the United States. The company focuses on delivering comprehensive risk management and employee benefits solutions to middle-market enterprises across the country. With a multi-state presence including offices in Texas, Florida, Illinois, California, Tennessee, New Mexico, and Michigan, SGP is strategically positioned to serve a diverse clientele.

SGP is anticipated to bolster USI's financial performance by adding approximately $66 million in annual revenues. This acquisition not only expands USI's market footprint but also enhances its service offerings in key areas vital to middle-market clients.

Industry Overview in the United States

The insurance brokerage industry in the United States has witnessed significant developments over the past few years, driven by increasing demand for tailored insurance solutions in a rapidly changing marketplace. As organizations face evolving risks and re