USI Insurance Services, a New York-based insurance brokerage, has completed the acqusition Barros International, a Virginia-based employee benefits brokerage firm.
Barros International has been serving corporate, industrial, and diplomatic organizations since 1988.
USI regional CEO for the Mid Atlantic Steven Deal said that Barros is a great addition to their rapidly expanding employee benefit practice in the Greater DC area. This acquisition strengthens their position as one of the leading insurance brokerage firms in Virginia and one of the largest benefit insurance brokerage firms in the US.
Barros International CEO and founder Silvia Barros said that USI is an excellent fit for Barros’ clients and employees. They share USI’s commitment to providing professional service that exceeds client’s expectations. They look forward to working with USI to bring their customers enhanced product and service capabilities.
Terms of the transaction were not disclosed.
The acquisition of Barros is USI’s third acquisition in 2011 as it has previously acquired de la Parte & Associates, a Florida-based employee benefits and insurance consulting firm, and First Place Insurance Agency, a Ohio-based mid-market broker.