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U.S. Risk Announces Acquisition Of Mcsweeny Agency

Feb 14, 2022•almost 4 years ago

Acquiring Company

U.S. Risk

Acquired Company

McSweeny Agency

Financial Services

Description

U.S. Risk, LLC, a top ten property and casualty wholesaler and MGA, today announced the acquisition of McSweeny Agency, LLC, a wholesale broker and MGA headquartered in Mt. Laurel, New Jersey. The McSweeny team will join U.S. Risk Brokers, the wholesale brokerage division of U.S. Risk. Terms of the transaction were not disclosed.

Company Information

Company

U.S. Risk

About

U.S. Risk, LLC is a leading international specialty lines underwriting manager and wholesale broker headquartered in Dallas, Texas. Operating 16 domestic and international branches, the company offers a broad range of products and services through its divisions and affiliate companies, which include U.S. Risk Underwriters, U.S. Risk Brokers, U.S. Risk Solutions, Oxford Insurance Brokers Ltd. (UK), James Hampden International Insurance Brokers Ltd. (UK), MGB Insurance Brokers Ltd. (UK), Antarah FZE (UAE) and UNIS United Insurance Services (Zurich). For more information, visit www.usrisk.com. ###

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed