USI Insurance Services (USI) has acquired Brooks Insurance, headquartered in Toledo, Ohio, one of the largest independent insurance agencies in the Midwest.
Since 1922, Brooks has provided comprehensive coverage and personalized service to clients in northwest Ohio, southeast Michigan, and northeast Indiana. Brooks’ solutions include property-casualty, employee benefits, bonds/surety, homeowners, renters, automobile, watercraft and personal health.
The employees will remain at their Toledo and Bowling Green, Ohio, locations. Terms of the transaction were not disclosed.
Dennis Johnson, CPCU and president of Brooks Insurance, said: "In joining forces with one of the premier insurance brokerage and consulting firms in the country, our clients will continue to benefit from coordinated solutions and support on a local level, but now they also will be able to tap into USI’s resources, technical expertise and wide range of products and services on a national level.
"I am delighted to be combining our strengths to expand our Midwest presence in these key markets, and I look forward to collaborating on risk management and employee benefit opportunities that will protect and grow the assets of our existing and future clients."
Thomas D. Cassady, USI Midwest regional chief executive officer, said: "From the beginning, the ideals of Brooks Insurance have been integrity, honesty and objective advice to provide the best insurance coverage possible.
"Under Denny’s leadership, they have continued that legacy of being an industry and community leader, earning many awards and insurance designations. It is those values that make Brooks a great fit with the USI ONE Advantage® platform that leverages the collective knowledge of our associates and partners to offer meaningful and measurable solutions and services to our clients and communities.
"I am excited to be partnering with Denny and his team on future opportunities for strategic growth and I welcome them to USI."
USI is a leading local and national insurance brokerage and consulting firm, delivering property and casualty, employee benefits, personal risk and retirement solutions throughout the United States.
Headquartered in Valhalla, New York, USI has over $1.0 billion in revenue, employs more than 4,400 professionals and operates out of 140 local offices serving every state.