USI Insurance Services Announces the Closing of the Acquisition of Key Insurance & Benefits Services
VALHALLA, NY — USI Insurance Services announced the closing on the acquisition of Key Insurance & Benefits Services, Inc., formerly part of KeyBank (“KEY”). Headquartered in Buffalo, N.Y., Key Insurance & Benefits Services, Inc. is a leading regional provider of risk management and employee benefit solutions with 350 teammates working in eight offices in upstate New York, Pennsylvania and Connecticut. Terms of the transaction were not disclosed.
Michael J. Sicard, chairman and CEO, USI said: “We are very excited to welcome Kirk and this highly experienced team of professionals to USI. Like USI, this team brings tremendous insight and expertise, and a strong dedication to outstanding client service. Together we are investing heavily and expanding in great communities including Buffalo, Rochester, Pittsburgh, Norwalk and cities across New York, Connecticut, Pennsylvania and across the country. We are delighted to combine our strengths to create the USI ONE Advantage® — providing a different and better set of solutions and services for clients while building an exceptional place for our people as we actively invest and expand for the future.”
Kirk L. Jensen, president, Key Insurance & Benefits Services, said: “We are thrilled to be joining an industry leader. Not only will our clients continue to benefit from the personalized local services they have come to expect from our dedicated team, but now they will also have access to USI’s expanded suite of best-in-class solutions, tools, and national resources to help protect and grow their business.”