US-based insurance broker, USI Holdings has announced the acquisition of Treadwell & Harry Insurance, a provider of property and casualty products and services. Treadwell & Harry will be combined with USI's existing operations in Memphis, Tennessee.

Kenneth Paylor, president and CEO, USI Memphis, said: The acquisition of a company with the history and reputation of Treadwell & Harry is a testament to USI’s commitment to our local clients. Our existing Memphis presence and our ability to serve our clients is increased and enhanced through added P&C expertise. I look forward to working with entire Treadwell & Harry team and their clients.

Timmons Treadwell, managing member of Treadwell & Harry Insurance, added: For five generations, Treadwell & Harry has been a trusted source of insurance solutions for Mid-South clients. By joining the USI family, we position ourselves to continue providing the high quality coverage that our clients deserve and expect. We are pleased to have this opportunity and look forward to working closely with Ken Paylor and bringing our team together with the USI Memphis team.