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USI Insurance Services Enters Into Agreement to Acquire Findley, Inc.

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New Partnership Expands USI's Benefit Consulting Expertise

Valhalla, N.Y. and Nashville, Tenn. -- USI Insurance Services (“USI”), a world leader in risk management, employee benefit and retirement consulting, today announced it has entered into a definitive agreement to acquire Nashville, Tennessee-based Findley, Inc. Subject to customary closing conditions, including regulatory approvals, the transaction is expected to close in November 2020.

Founded in 1969, Findley is a leading independent human resources and employee benefits consulting firm, providing actuarial, benefits and administrative consulting services to private and publicly held companies, the public sector and non-profit organizations. Findley employs more than 250 associates, serving clients across the country from seven office locations in the Midwest and Southeast. Upon the completion of the transaction, Findley's actuarial and retirement practices will be joined together with the resources of USI Consulting Group, a premier provider of defined contribution and defined benefit plan consulting and administration services, to form one of the largest national specialized retirement businesses in the U.S. Findley’s human capital and health and group benefits practices will also be joined together with USI’s employee benefits resources, as one of the largest employee benefits consulting and brokerage firms in the U.S.

Betsy Hammond, managing principal and CEO, Findley, stated: “Over the last 50 years, Findley has earned a strong reputation for helping organizations succeed by aligning people and benefit strategies to achieve business goals. By joining forces with USI, we look forward to expanding our service offerings to our valued clients through USI’s premier network of national resources and expertise.”

USI Chairman & CEO, Michael J. Sicard, added: “We look forward to welcoming Betsy and the talented professionals from Findley to the USI family. By joining as ONE, we are excited to build on Findley’s strong reputation for delivering comprehensive human resource and benefit consulting services and solutions to clients 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 financial impact.”

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