USI Insurance Services announced this week that it has acquired Forest Sherer Insurance, Inc. from First Financial Corporation.
Terms of the transaction were not disclosed.
The Terre Haute, Indiana-based Forest Sherer has been in business for over 90 years offering property-casualty, employee benefits and personal risk services.
“We are excited to welcome the Forrest Sherer team and their long history of delivering great expertise, people and service to their clients and communities. USI has grown into one of the leading property & casualty, employee benefit and personal risk broker consultants in Indiana, and we are committed to continue to invest and grow in this great state and the surrounding communities," remarked USI chairman, president, and CEO Michael J. Sicard.
"We are proud to have created a standard of service we like to call The Sherer Edge. This commitment to excellence will remain and we will continue to be a trusted advocate for our clients, who now will enjoy an expanded suite of insurance solutions and services afforded by a national organization. I am excited to be partnering with a firm whose values, as demonstrated by the USI ONE Advantage®, are closely aligned with ours. And, I look forward to fostering new and existing relationships that will be based upon these mutual principles," said Forrest Sherer president and CEO John S. Lukens.
"For almost a century, the clients of Forrest Sherer have been enjoying value-added insurance programs that are tailored to their specific needs, challenges and budgets. Their staff's industry knowledge and passion to protect what is near and dear to their customers' hearts are a great match with USI ONE and our best-in-class talent. By joining forces today, we are able to further strengthen USI's position as the leading insurance brokerage firm in the Midwest, and I welcome John and his team to the USI family," commented USI Midwest regional chief executive officer Thomas D. Cassady.
With the transaction closed, Forrest Sherer employees will continue to operate from their current locations in Terre Haute and Evansville, Indiana.
