USI Insurance Services ("USI") announced the closing of the acquisition
of Quintessential Advisors, Ltd. ("Quintessential") headquartered in
Dayton, Ohio. Terms of the transaction were not disclosed.
Quintessential Advisors was founded in 1995 as an independent firm with
experienced financial professionals specializing in insurance,
investments and employee benefits. The addition of Quintessential
Advisors to the USI family extends the presence of USI as one of the
largest property and casualty and employee benefits firms in the Midwest
region and nationally.
"The combination of our practices enables us to offer enhanced products
and services to our customers, and allows for strategic partnering in
growth opportunities," said Robert J. Cornett, Jr., co-partner of
Quintessential Advisors. "We are excited to be joining USI, and we
remain committed to serving our clients with problem-solving
capabilities that help them better manage their risk in a cost-effective
Judith K. Williams, co-partner of Qintessential Advisors, said: "USI's
approach of providing locally coordinated expertise combined with
nationally recognized, technical resources is an excellent fit for our
clients. Bob and I look forward to working with Tom and his team, and to
growing the business with an eye on creativity, the bottom line,
thoroughness and integrity."
Thomas D. Cassady, regional chief executive officer for the USI Midwest
region, said: "The acquisition expands our employee benefit practice
into the Dayton, Ohio market where we believe we can grow successfully
with our clients by improving the adverse trends of healthcare.
Quintessential's reputation for providing quality service and innovative
benefits solutions is a perfect complement to USI's value proposition,
and I look forward to working with Bob and Judi to provide expanded
services to their clients as well forging new customer relationships at
this new location for USI."
About Quintessential Advisors
Quintessential Advisors was formed in 1995 and represents a team of
professionals uniquely qualified to evaluate the efficient use of its
clients' dollars. Where most advisors are compensated for individual
efforts, the partners of Quintessential have shared equally in the
success of the company. Each partner draws from years of experience in
different sectors of the financial services industry, resulting in a
synergy that is unmatched.
About USI Insurance Services
Founded in 1994, USI is the 10th largest insurance broker in the United
States and the 14th largest in the world. USI is headquartered in
Valhalla, N.Y. and operates out of approximately 100 offices across the
United States. Additional information about USI may be found at www.usi.biz.
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