Another Massachusetts family-owned independent agency acquired
The global insurance brokerage and risk management firm, USI Insurance Services announced that it has The Gaudreau Group. The Wilbraham-based family-owned and operated independent agency has been in business since 1921, and until its acquisition had been run the same family for three generations. For nearly a century, the agency offered commercial insurance, employee benefits, personal risk and financial services firm to the more than 6,000 businesses and families it serves across 14 states.
In commenting on the sale of his agency to USI, third generation owner and President, Jules Gaudreau said, “Joining USI marks an exciting milestone for our company. USI is an established leader in the risk management, insurance brokerage and consulting market, known for their best-in-class solutions including proprietary analytics, local and national resources and team-based planning. This partnership will not only sustain, but strengthen our long-standing reputation for delivering superior solutions, expertise and service to our clients in the New England region and beyond.”
According to the terms of the transaction, Mr. Gaudreau will join USI’s New England regional management team as president of the company’s Springfield, Massachusetts office. Further terms of the transaction were not disclosed.
And for those interested in learning more about The Gaudreau Group as well as its President Jules Gaudreau, please refer to Agency Checklists’ March 1, 2016 interview entitled, “The Agent Advocate: Jules Gaudreau of The Gaudreau Group.”
With this acquisition, USI strengthens its presence in New England
As for USI, the firm expands its geographic footprint throughout New England. In commenting on the announcement, Joseph J. Fico, USI New England regional CEO, said:
“We are excited to welcome the clients and experienced professionals from Gaudreau Group to the USI family. By joining together as one, we look forward to continuing Gaudreau’s long-standing tradition of providing superior service to clients through the USI ONE Advantage®, a unique platform that delivers innovative risk management and employee benefit solutions with bottom line financial impact.”
More about USI in its own words…
USI is one of the largest insurance brokerage and consulting firms in the world, delivering property and casualty, employee benefits, personal risk and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals.
Headquartered in Valhalla, New York, USI connects together over 6,000 industry leading professionals across more than 150 offices to serve clients’ local, national and international needs.
