Mergers & Acquisitions

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Deal Overview

USI, Inc.
Actual Acquirer:
USI Insurance Services, LLC
MVB Insurance, LLC
Deal Type:
Insurance Broker Company
Agreement Date:
Announcement Date:
Announced Deal Value ($ M):
Completion Date:

Consideration Breakout
Cash ($M) 7.0
Contingent Payments ($M) 1.3

Deal Pricing Ratios

Announcement Completion
Price / Revenue (x) NA NA
Price / Earnings (x) 1.1 1.1
Price / Assets (%) NM NM
Price / Book (%) NA NA
Deal Terms
Description of Consideration

USI Inc. paid approximately $7.05 million in cash to acquire substantially all of the assets of MVB Insurance LLC from MVB Financial Corp. In addition to this, USI Inc. will make contingent payment of approximately $1.33 million based on the future performance. USI Inc. also assumed certain liabilities of MVB Insurance LLC.

Percent Acquired (%) NA
Accounting Method Acquisition
Merger of Equals? No
Geographic Expansion? NA
Estimated Cost Savings (%) NA
Est. Restructuring Charges ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Mystic Capital Advisors Group
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Bowles Rice LLP
Seller Yes Squire Patton Boggs (US) LLP
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