USI Insurance Services and Johnson & Bryan Announce Agreement in Principle for USI to Acquire Johnson & Bryan

VALHALLA, N.Y., Sept. 19, 2016 /PRNewswire/ -- USI Insurance Services ("USI") has entered into an agreement in principle to acquire Johnson & Bryan ("Johnson & Bryan"). Johnson & Bryan, a leading retail property-casualty and employee benefits insurance brokerage firm based in Atlanta, Georgia, will expand USI's footprint into a new city and market where USI is looking to invest and grow. All employees at Johnson & Bryan will be offered employment by USI. The parties expect to reach a definitive agreement and close the transaction early 4th quarter of 2016. Terms of the agreement in principle were not disclosed.

Michael J. Sicard, chairman and chief executive officer of USI, said: "We are thrilled to welcome Johnson & Bryan, Robert and the entire team to USI. Johnson & Bryan has a long history of exceptional professionalism with tremendous people who are dedicated to helping businesses thrive. Their strong customer and community ties will play an important role in helping us to grow our presence in Atlanta and throughout the southeast, and we look forward to continuing their long-standing tradition of always going the extra mile and custom-tailoring an approach to every risk."

Robert C. Wynne, president of Johnson & Bryan Inc., said: "Collaboration is the cornerstone of our business and the fuel that powers our engine at Johnson & Bryan. By partnering with USI, we will continue to provide the local, individual attention our clients have come to expect, with the benefit of expanded solutions and the ability to leverage USI's networked technical resources and strategic enterprise planning. We are excited to be joining USI and look forward to continuing to grow our presence in the Atlanta market."

About USI
USI is a leading local and national insurance brokerage and consulting firm, delivering property and casualty, employee benefits, personal risk and retirement solutions throughout the United States. Headquartered in Valhalla, New York, USI has over $1.0 billion in revenue, employs more than 4,400 professionals and operates out of 140 local offices serving every state. USI has become a premier insurance brokerage and consulting firm by leveraging the USI ONE Advantage^®, an interactive platform that integrates proprietary and innovative client solutions, networked local resources and enterprise-wide collaboration to deliver customized results with positive, bottom line impact. USI attracts best-in-class industry talent with a long history of deep and continuing investment in our local communities. For more information, visit usi.com.

About Johnson & Bryan
Johnson & Bryan is a tight-knit team of Atlanta insurance professionals dedicated to helping businesses thrive. Johnson & Bryan has been serving the Atlanta community since 1931 with a myriad of insurance and risk management services for businesses and individuals alike. From multi-national corporations to sole proprietors, Johnson & Bryan designs business insurance and employee benefits plans that work.

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SOURCE USI Insurance Services

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