USI Holdings Corp. on Monday announced the closing of the acquisition of Winthrop Insurance Plans, a retail property & casualty firm in Burlingame, Calif.
This operation, headed by Ray Andreini, has been providing employee property & casualty solutions to middle market businesses in the San Francisco area since 1984. The acquisition is expected to contribute approximately $800,000 of revenues to USI on an annual basis. Terms of the transaction were not disclosed.
"Ray has been providing middle market clients in the San Francisco-area with property & casualty solutions for 20 years," sai...
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