A Briarcliff Manor, N.Y.-based insurance company acquired a Wakefield, RI.-based employee benefit consulting and brokerage firm specializing in middle-market businesses.
USI Insurance Services (USI) acquired Bluff Head Enterprises (BHE), its seventh acquisition this year.
Financial terms of the acquisition were not disclosed.
Samuel B. Slade, current president of BHE, will be named president of the employee benefits division of USI, officials said.
All BHE staff will be retained, according to a USI spokesman.
“This acquisition strengthens our position as one of the leading insurance brokerage firms in Rhode Island and one of the largest benefit insurance brokerage firms in the United States,” said J. Tho