USI Holdings Corporation, a distributor of property and casualty insurance and employee benefits products, has completed the acquisition of employee benefit insurance brokerage firm Corporate Planning Systems.

Corporate Planning Systems (CPS), based in Bellevue, Washington, is expected to contribute approximately $4.5 million in revenues to USI on an annual basis.

Michael Sicard, chairman, president and CEO of USI, said: CPS is a great complement to our existing strong presence in the Pacific Northwest. This acquisition strengthens our position as one of the largest insurance brokerage firms in the area and further enables us to meet the needs of our current and future clients.