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Deals & People January 9, 2012
NFP Acquires AGS Benefits Group
National Financial
Partners Corp., a provider of benefits, insurance and wealth management
services, acquired AGS Benefits Group, LLC (AGS Benefits).
Reported by Corie Russell
Simultaneously with this acquisition, NFP acquired the management company of Dreyfuss & Birke, Ltd. (NFP Dreyfuss & Birke), a wholly-owned subsidiary of NFP since 2003, and combined NFP Dreyfuss & Birke with AGS Benefits. This combination establishes a major NFP-branded corporate benefits presence in New York.
These transactions closed on January 3.
The managing directors will be William Austin, Jordan Gray and Markum McCormick, managing directors of AGS Benefits; along with Paul Schnell, president of NFP Dreyfuss & Birke. They will report to Ed O’Malley, president of NFP Corporate Client Group.
“As a part of NFP for many years, we are thrilled to combine with AGS Benefits under the NFP brand in order to expand and improve our client offering and better coordinate our growth initiatives,” Schnell said.