Amynta Group, a leading insurance services provider, announced that its subsidiary, First Nonprofit Companies, Inc. (FNP), has acquired Michigan based Unemployment Services, Inc. (USI). Terms of the transaction were not disclosed.
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USI provides administration of unemployment insurance cost control services to hundreds of employers across a diversified group of business and community services. Kent Downey, founder and President of USI, will continue to lead the business as it integrates with FNP.
First Nonprofit provides unemployment insurance solutions for 501(c)3 nonprofit, government and tribal entities that provide cost saving options satisfying State Unemployment Insurance (SUI) requirements. This acquisition enhances FNP's capabilities in delivering comprehensive cost control services to both nonprofit and for-profit organizations.
“For more than two decades, USI has been an exceptional partner to FNP,” said Mario Poretto, President of FNP. “I am excited to bring USI's best-in-class unemployment cost control services program to FNP. As our association partners increasingly include private sector employers aligned with their mission, USI strengthens our ability to support these evolving needs. I look forward to working with Kent and the team to expand our services.”
About AmyntaAmynta Groupis an insurance services company with more than $4 billion in total managed premium across North America, United Kingdom, Europe, and Australia. An independent, customer-centered and underwriting-focused company, Amynta serves leading carriers, wholesalers, retail agencies, auto dealers, OEMs, and consumer product retailers with innovative insurance and warranty protection solutions. For more information, please visit amyntagroup.com.
Amynta Media Contact:Brenna TetleyPhone: (646) 887-9498Email:Brenna.Tetley@amyntagroup.com
Amynta Mergers & Acquisitions Contact:Chris EzbianskyPhone: (646) 887-9495Email: Chris.Ezbiansky@amyntagroup.com
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SOURCE The Amynta Group
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