Reynolds & Reynolds offers risk management and employee benefits solutions. Credit: mohamed Hassan from Pixabay.

US-based USI Insurance Services (USI) has acquired Reynolds & Reynolds for an undisclosed sum to expand its footprint and expertise.

Founded in 1976, the acquired firm is an independent risk management and employee benefits agency, which offers its services to businesses and individuals.

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USI expects the acquisition to grow its local presence in Iowa and intends to use its USI ONE Advantage platform to offer risk management and employee benefit solutions with bottom-line financial impact.

USI chairman and CEO Michael Sicard said: “We are excited to partner with the exceptional professionals and clients of Reynolds & Reynolds while introducing a local Iowa-based presence for USI.

“We look forward to leveraging our combined strengths to continue Reynolds & Reynolds’ longstanding focus on building long-term client relationships with now an even further expanded suite of innovative risk management and employee benefit solutions.”

Reynolds & Reynolds president Stanley Reynolds said: “Over the last 45 years, we’ve worked hard to deliver an unparalleled level of personalized service and innovative solutions for our valued clients.”

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Headquartered in New York, USI offers property and casualty, employee benefits, personal risk programmes and retirement solutions to middle-market companies, large risk management clients, smaller firms as well as individuals.

In February 2021, USI Insurance Services acquired Washington-based Inland Insurance, expanding its footprint in the northwest US.

In December 2019, USI purchased Nebraska-based Marcotte Insurance Agency.

It followed the company’s acquisition of insurance agency Scheetz, Hogan, Freeman & Phillips (SHFP) and US Risk Insurance Group in the same year.