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Deals & People August 22, 2014
NFP Buys Benefit Resources
National Financial Partners Corp. (NFP)
acquired the Cincinnati-based Benefit Resources Inc., an insurance consulting
and brokerage firm. The deal closed on July 31.
Reported by PLANADVISER staff
Benefit Resources, founded in 1988, has been a member of NFP’s Benefits Partners organization since 2008. The firm specializes in group benefits, HR and benefit compliance, benefit administration and individual insurance. Tim Marcagi, managing director, will continue to head the firm, and focus on strengthening the corporate benefits presence in the Midwest.
This acquisition, the latest in a series of steps taken this year to expand its corporate business, expands NFP’s corporate client group presence in the Midwest and enhances the firm’s expertise in corporate and executive benefits. (See “NFP Adds Dozens of Advisers from RPAG.”)
NFP is a provider of benefits, property and casualty and life insurance, and wealth management services. More information is available on NFP’s website.