USI Holdings Corporation is selling its San Antonio, Texas, wholesale insurance operation to CRC Insurance Services Inc., a wholesale brokerage firm.
In an 8-K filing with the Securities and Exchange Commission yesterday, the Briarcliff Manor, N.Y.-based insurance brokerage firm said it completed its sale of Vista Insurance Partners Inc. to CRC on July 1, for $5 million.
CRC is a subsidiary of BB&T Corporation, a financial services company based in Winston-Salem, N.C.
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