Patti Vreeland
VP, Corporate Real Estate & Procurement, USI Insurance Services
Valhalla, NY 10595
Patti Vreeland is the VP of Corporate Real Estate and Procurement for USI Insurance Services.
Phone (914) 749-8548
Patti Vreeland is the VP of Corporate Real Estate and Procurement for USI Insurance Services.
Property Types
Office
Markets
Westchester/So Connecticut
Languages
English
Bio
Over the course of her IT career, Patti Vreeland has developed significant negotiation skills while working out details of contracts with the likes of Microsoft and Dell. In 2006, she leveraged those skills to join USI Insurance Services, one of the largest insurance brokerage and consulting firms in the world, where she is now vice president of corporate real estate and procurement.
In previous positions, she had been responsible for teams of up to 70 people, who supported networks and systems in 120 countries. That required extraordinary management and coordination skills, but she may have set new personal performance records when she successfully oversaw USI’s acquisition of 99 Wells Fargo offices in 2017.
Despite having coordinated many other acquisitions for USI, including a previous transaction in 2014 involving 40 Wells Fargo offices, this was a daunting assignment. “Expansion by acquisition is part of USI’s growth strategy,” Vreeland says. “But, they typically involve individual agencies of up to 50 people or bank deals of up to 300 employees. The scale had never been this large before.”
The deal was announced at the end of June 2017 and was scheduled to close on December 1. It included 2,900 Wells Fargo employees who were transitioned into 70 USI offices. That five-month period also saw 1,100 employees relocated, 17 new offices built, 7 offices renovated, and 35 Wells Fargo leases assigned to USI. In addition, because of banking regulations, USI could not work directly with any of the transitioning staff until after the transaction was completed and they officially became USI employees. Preparations were made so that when they left work on Thursday, November 30, every single element of business—vendor contracts, computer systems and networks, credit cards, utilities, lease assignments, security, postage meters—was aligned with USI and the new employees could hit the ground running when they returned to work Monday morning.
As preparations for the acquisition were under way, USI had 35 other simultaneous lease transactions in 2017, including relocating its corporate headquarters.
Education
