USI Holdings Corporation said it has entered into an agreement to acquire Seattle-based Kibble & Prentice Holding Company. Terms of the deal were not released.
The transaction is subject to regulatory review, but is expected to be completed during the fourth quarter of 2006, the Briarcliff Manor, N.Y.-based insurance broker said.
Kibble & Prentice is expected to contribute approximately $37 million of revenues to USI on an annual basis.
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