Insurance Divestitures in 2018
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September 17, 2018
- Buyer
- AssuredPartners, Inc.
- Target
- Bluepoint Financial, LLC (employee benefits business)
- Seller
- Bluepoint Financial, LLC
- Industry
- Insurance
- Location
- Maryland, United States
- Type
- Divestiture
AssuredPartners, Inc. has acquired the employee benefits business of Bluepoint Financial, LLC (formerly Schaefer Financial Group) based in Bethesda, Maryland. The Bluepoint team, led by Marc Schaefer and Brian Hutt, will remain in place as AssuredPartners expands its employee benefits presence in the Washington, D.C. area.
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- Buyer
- USI Insurance Services
- Target
- CHS Insurance
- Seller
- CHS Inc.
- Industry
- Insurance
- Location
- Minnesota, United States
- Type
- Divestiture
USI Insurance Services has closed the acquisition of CHS Insurance, the agribusiness insurance brokerage formerly part of CHS Inc.; terms were not disclosed. The deal expands USI’s capabilities and footprint in agribusiness, food processing and cooperative insurance and brings the CHS Insurance team onto USI’s national platform.
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