USI Holdings Corporation said it has closed on its acquisition of Burlingame, Calif.-based Winthrop Insurance Plans.
Terms of the deal were not released.
Winthrop has provided employee property-casualty solutions to middle-market businesses in the San Francisco area since 1984. USI said the acquisition is expected to contribute approximately $800,000 in revenues annually to the Briarcliff Manor, N.Y.-based firm.
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