Valhalla, NY, Sept. 10, 2018 (GLOBE NEWSWIRE) — USI Insurance Services (USI), a world leader in insurance brokerage and risk management, today announced the acquisition of Wilbraham, Massachusetts-based The Gaudreau Group. Terms of the transaction were not disclosed.
Founded in 1921, The Gaudreau Group is a commercial insurance, employee benefits, personal risk and financial services firm insuring more than 6,000 businesses and families across 14 states. Having served the New England region for nearly a century, the company has earned a strong reputation for helping businesses and families discover, protect and enhance the people, places and things most important to them.
Jules O. Gaudreau, president, The Gaudreau Group, is a third-generation member of the Gaudreau family to lead the company. Mr. Gaudreau will join USI’s New England regional management team as president of the company’s Springfield, Massachusetts office.
Commenting on the announcement, Joseph J. Fico, USI New England regional CEO, said: “We are excited to welcome the clients and experienced professionals from The Gaudreau Group to the USI family. By joining together as one, we look forward to continuing Gaudreau’s long-standing tradition of providing superior service to clients through the USI ONE Advantage®, a unique platform that delivers innovative risk management and employee benefit solutions with bottom line financial impact.”
Mr. Gaudreau added: “Joining USI marks an exciting milestone for our company. USI is an established leader in the risk management, insurance brokerage and consulting market, known for their best-in-class solutions including proprietary analytics, local and national resources and team-based planning. This partnership will not only sustain, but strengthen our long-standing reputation for delivering superior solutions, expertise and service to our clients in the New England region and beyond.”
USI is one of the largest insurance brokerage and consulting firms in the world, delivering property and casualty, employee benefits, personal risk and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals. Headquartered in Valhalla, New York, USI connects together over 6,000 industry-leading professionals across more than 150 offices to serve clients’ local, national and international needs. USI has become a premier insurance brokerage and consulting firm by leveraging the USI ONE Advantage®, an interactive platform that integrates proprietary and innovative client solutions, networked local resources and enterprise-wide collaboration to deliver customized results with positive, bottom line impact. USI attracts best-in-class industry talent with a long history of deep and continuing investment in our local communities. For more information, visit usi.com or follow us on LinkedIn, Facebook, or Twitter.
Edward J. BowlerUSI Insurance Services914firstname.lastname@example.orgTimothy DentonUSI Insurance Services914email@example.com