USI Insurance Services in Valhalla has acquired Cameron M. Harris & Co. Insurance brokerage in Charlotte, North Carolina.
The acquisition, according to a news release from USI, is part of the company’s goal of becoming the top middle-market brokerage firm in the Carolinas. Harris & Co., founded in 1979, provides personal and commercial insurance, surety bonding, employee benefits, business services and group products.
Terms of the transaction were not disclosed.
USI itself is in the process of being acquired by investment firms KKR and Caisse de Depot et Placement du Quebec, in a deal valued at $4.3 billion including debt. The transaction is expected to close by this summer.
USI, founded in 1994, has 4,400 employees in 140 offices and $1 billion in annual revenue.
