US-based brokerage and consulting firm USI Insurance Services has acquired Alfred J. Davis Company, an insurance agency based in Portland, Oregon.
Financial and other terms of the deal have not been revealed by the companies.
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After the completion of the acquisition, the employees and the operations of Alfred J. Davis Company will shift to USI’s office in Portland.
Since its inception 70 years ago, Alfred J. Davis Company has been providing commercial insurance and personal risk solutions to individuals and businesses in Oregon.
The agency’s employees and business operations will be integrated with USI’s existing office in Portland.
Commenting on the deal, USI Northwest regional CEO Christopher Prentice said: “For well over a half-century, the talented professionals at Alfred J. Davis Company have been dedicated to delivering quality, customer-focused insurance and risk management solutions to businesses and individuals.
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By GlobalData“Their ability to offer customizable solutions that fit the unique needs of their clients aligns perfectly with the USI ONE Advantage, and we are thrilled to welcome Dick and his team to USI.”
Alfred J. Davis Company president Dick Davis commented: “Since our founding, it has been our mission to provide our clients with exceptional service and personalized coverage solutions.
“With this acquisition, our valued clients will continue to enjoy the exceptional service they have come to expect from our agency, along with expanded access to USI’s best-in-class solutions, customized through proprietary analytics, local and national resources, and team-based planning. We look forward to helping expand USI’s footprint in Oregon and the greater Northwest region.”
Based in Valhalla, New York, USI caters to large risk management clients, middle market companies, smaller firms and individuals and offers property and casualty, employee benefits, personal risk, program and retirement solutions.
