USI buys Washington-based insurance brokerage Griffin MacLean
USI Insurance Services (USI) has sealed the acquisition of Griffin MacLean Insurance Brokers, a Washington-headquartered independent brokerage firm.
Founded in 1981, Griffin MacLean serves businesses and individuals throughout the states of Washington and Alaska.
Financial terms of the transaction were not disclosed.
Commenting on the deal, Griffin MacLean president Paul Dent said: “For the last 40 years, we’ve taken pride in our team’s personalized, consultative approach to delivering innovative insurance solutions and risk management advice to clients.
“By joining forces with USI, we look forward to continuing this tradition by providing our valued clients access to an expanded set of tools, solutions and expertise, including the USI One Advantage.”
USI One Advantage is an interactive platform that provides risk management and employee benefits solutions to USI clients.
Christopher Prentice, USI’s regional CEO, added: “We are thrilled to welcome the talented professionals from Griffin MacLean to the USI family.
“Partnering as one, we look forward to strengthening USI’s commercial and personal risk expertise in service to our current and future clients throughout Washington state and beyond.”
The deal follows the announcement in September of USI completing its acquisition of Iowa-based broker Reynolds & Reynolds, expanding USI’s presence in the Midwest.
In May, USI bought Northwest Insurance Services, a subsidiary of Northwest Bank. Earlier this year, the company also took over Colorado-based CB Insurance and Washington state-headquartered Inland Insurance.