USI Insurance Services announced that it has completed its purchase of Cohen-Seltzer Inc. Cohen-Seltzer Inc. is a Pennsylvania-based family-owned insurance company established in 1926. Financial details of the deal, however, were not revealed.

Cohen-Seltzer Inc. currently offers risk management solutions and a wide range of financial products for both personal and commerical lines of business. USI Insurance Services stated that it will be incorporating the operations of Cohen-Seltzer with its existing USI-Pennsylvania office. USI Insurance Services said the transaction will lengthen its reach across the nation and should make it one of the biggest insurance brokerage firms that cater to the middle-market in the region.

"This acquisition enables us to further expand our market share in the MidAtlantic and plays an important role in USI's mission of becoming the national brand in the middle market and specialty market," USI CEO and chairman, Michael J. Sicard, said.

In 2012, USI Insurances Services was bought by Onex Corporation, a private equity company, for more than US$2 billion.