Mr Cooper Group Inc (COOP): USI Wins Competition to Acquire Wells Fa...

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Monday, 02/19/2018 4:35:14 PM

Monday, February 19, 2018 4:35:14 PM

USI Wins Competition to Acquire Wells Fargo Insurance Businesses
https://www.insurancejournal.com/news/national/2017/06/27/455777.htm

Jun 27, 2017 - Wells Fargo is selling its commercial insurance business to national brokerage USI Insurance Services. USI said it has ... USI Insurance is owned by private equity firms KKR, a global investment firm, and Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor. They acquired USI ...

Could it be that the reason why we never heard what company was the $11 Million failed deal...is because ultimately the Wells Fargo unit could come via a merger with USI? It was speculated the Wells fargo unit was our failed deal but now...USI is gaining points as a KKR sub...

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