USI Insurance Services has entered into an agreement in principle to acquire Johnson & Bryan, a retail property-casualty and employee benefits insurance brokerage firm based in Atlanta. The acquisition will expand USI’s footprint into a new city and market where the company said it is looking to invest and grow.
All employees at Johnson & Bryan will be offered employment by USI. The parties expect to reach a definitive agreement and close the transaction early fourth quarter of 2016. Terms of the agreement in principle were not disclosed.
USI is a local and national insurance brokerage and consulting firm, delivering property and casualty, employee benefits, personal risk and retirement solutions throughout the United States. The company is headquartered in Valhalla, N.Y.
Johnson & Bryan has been serving the Atlanta community since 1931 with insurance and risk management services for businesses and individuals alike.
Topics Mergers & Acquisitions
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