VALHALLA, N.Y.--(BUSINESS WIRE)--USI Insurance Services (“USI”) announced the closing of the acquisition of Molton, Allen & Williams, LLC (“MAW”), headquartered in Birmingham, Ala. Terms of the transaction were not disclosed. By combining MAW with the existing USI Birmingham office under MAW’s chairman and chief executive officer, John W. Williams, USI adds to its presence as one of the largest property and casualty and employee benefits firms in the Southeast region and nationally.
Founded in 1886 Molton, Allen & Williams, LLC, is one of the largest privately-held independent insurance agencies in Birmingham, Ala. MAW offers commercial and personal lines and employee benefits to clients across the Southeast from its offices in Birmingham and Pensacola, Fla.
Michael J. Sicard, chairman, president, and chief executive officer of USI Insurance Services, said: “MAW’s reputation of delivering on large, complex risks is perfectly aligned with USI’s approach, which applies deep knowledge and technical resources to produce a breadth of solutions that drive down costs and strengthen a balance sheet. Through this acquisition, we partner with an experienced staff that will not only extend our presence in the Southeast but will help us realize our vision of becoming the national brand in the middle-market insurance brokerage industry.”
“We have always thought of our company as a 127-year-old startup company that continues to add new talent and fresh ideas to our core of experience, and I see those same values with USI,” said John W. Williams, chairman and chief executive officer of MAW. “Through our partnership, our clients will now have the benefits that come from a nationally recognized broker while still maintaining the deep, local relationships that have been cultivated over our many years. We are excited to be joining USI, and I look forward to continuing to provide our clients an unparalleled sales experience that is now complemented by an expanded set of resources.”
About Molton, Allen & Williams, LLC
Headquartered in Birmingham, Ala., Molton, Allen & Williams, LLC, is a privately-owned, independent insurance brokerage and advisory firm. The Company serves commercial and individual clients across the Southeast from offices in Birmingham and Pensacola, Fla. Visit: www.mawins.com
About USI Insurance Services
Founded in 1994, USI is the 10th largest insurance broker in the United States and the 14th largest in the world. USI is headquartered in Valhalla, N.Y. and operates out of approximately 100 offices across the United States. Additional information about USI may be found at www.usi.biz.