Insurance broker and risk manager USI Insurance Services (USI) has purchased insurance agency Scheetz, Hogan, Freeman & Phillips (SHFP).
Based in Greenville, South Carolina, SHFP offers employee benefits, commercial insurance, and personal risk solutions for businesses and individuals.
SHFP, which was set up in 1993, employs 24 people, all of whom have been absorbed by USI. They will continue to work under the leadership of SHFP president and CEO, Ronald Scheetz.
Scheetz will become part of USI’s Midsouth regional management team. He will also assume the role of president at work from USI’s Greenville office.
Commenting on the deal, USI Midsouth regional CEO James Dunn said: “By partnering as one, we look forward to serving our current and future clients throughout the Carolinas with the USI ONE Advantage, a unique platform that delivers innovative risk management and employee benefit solutions with bottom-line financial impact.”
“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 approach. I am confident this new partnership will further strengthen our long-standing reputation for delivering superior solutions, expertise and service to our local clients.”
Financial terms of the transaction have not been disclosed