USI Insurance Services, based in Valhalla, N.Y., announced today the closing of the acquisition of Webb & Greer Insurance Agency, Inc., based in Tempe, Ariz. Terms of the transaction were not disclosed.
Founded in 1995, Webb & Greer provides personalized, value-added commercial property and liability insurance programs in the Phoenix metropolitan area and throughout the United States. By combining the existing USI Phoenix office with Webb & Greer, USI extends its presence as one of the largest middle-market insurance brokerage firms in the Greater Phoenix metropolitan area.
Thomas R. Lewis, regional CEO West for USI, said: “We’re excited to have Craig, Ben and their firm join USI. Webb & Greer has an excellent reputation with its clients who will benefit from this merger into our existing operations through the leverage of our middle market focus and resource capabilities. Over the last three years, USI has made a considerable investment in Arizona, and we believe we have a tremendous opportunity to continue our expansion in Phoenix and to strengthen our brand across this state.”
William “Wick” W. Pilcher, II, USI Phoenix CEO, said: “I am delighted to be expanding and merging USI’s existing operations with Webb & Greer. I have known Craig for over thirty years, and he and Ben have done an outstanding job of building their agency, and are well-respected among their clients and peers. Without question, this acquisition enhances our practice with expanded scale and scope, and I welcome them to the USI family.”
Craig Webb, former CEO of Webb & Greer said: “The coupling of our talented and knowledgeable producer group with USI’s proven technology and resources will create a dynamic sales climate that will be unmatched in Arizona. Our expectation is that this acquisition will further strengthen USI’s operations and its value proposition among clients. We look forward to fully merging our operations and the opportunities it will bring.”
Benjamin A. Greer, president of Webb & Greer Insurance, said: “USI is an excellent fit for our customers and employees. We share USI’s commitment to providing outstanding client service that strives to exceed expectations and cultivates client loyalty. I am excited to be working with the USI team and to growing the Phoenix practice with new opportunities.”