USI Insurance Services Buys Travers, O’keefe & Associates

USI Insurance Services announced the closing of the acquisition of Travers, O'keefe & Associates, Inc., headquartered in New York.

Terms of the transaction were not disclosed.

In a release on Jan. 28, USI Insurance Services said Travers, O'keefe's headquarters will be combined with USI's New York office, and USI's Albany, N.Y., office will be combined with Travers, O'keefe's Saratoga, N.Y., office.

Travers, O'keefe was founded in 1986, built to serve the specific employer needs associated with the management of all employee benefit programs. Its offerings include benefits consulting, human resources services, and compliance and employee support that are targeted to a range of companies and industries.

James M. Butler, regional chief executive officer for USI Northeast region, said: "For over 25 years, Travers, O'keefe has been a full employee benefits solution firm that partners with clients to build customized strategies that deliver high levels of client satisfaction along with cost efficiencies. Their staff understands exactly how plan design, member demographics, claims experience and utilization affect premium rates. This is why they have been consistently recognized as one of New York's leading employee benefits firms, and we are very excited to have them join the USI family."

"Our firm prides itself on working smartly to understand our clients' needs and then crafting a strategy that includes comprehensive support, and ongoing analysis and review. By joining USI, we position ourselves to continue providing that same high- touch, local service our clients deserve and expect, however, now they can now tap into world-class resources and a wide range of insurance products that only a national firm, such as USI, can provide," said John Van Wie, managing partner of Travers, O'keefe's New York City division.

USI is a privately-held insurance broker. USI is headquartered in Valhalla, N.Y., and operates out of more than 100 offices across the United States.

David M. Hogan, managing partner of Travers O'keefe's Upstate N.Y. division, said: "The combination of the talented, knowledgeable professionals of USI and our team will create an unmatched offering to the ever evolving employee benefits needs of our current and future clients. I am pleased to be joining the USI family and look forward to working with Jim to further grow our marketshare in New York."

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