M&A Deal Summary

Madison Dearborn Partners Acquires NFP s Wealth Business

On September 3, 2025, private equity firm Madison Dearborn Partners acquired business services company NFP s Wealth Business from NFP for 2.7B USD

Acquisition Highlights
  • This is Madison Dearborn Partners’ 5th transaction in the Business Services sector.
  • This is Madison Dearborn Partners’ 5th largest (disclosed) transaction.
  • This is Madison Dearborn Partners’ 90th transaction in the United States.
  • This is Madison Dearborn Partners’ 10th transaction in Texas.

M&A Deal Summary

Date 2025-09-03
Target NFP s Wealth Business
Sector Business Services
Buyer(s) Madison Dearborn Partners
Sellers(s) NFP
Deal Type Divestiture
Deal Value 2.7B USD

Target

NFP s Wealth Business

Austin, Texas, United States
NFP's Wealth Business comprises Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth and related platforms. It helps individuals, families, and business owners reach long-term objectives by creating tailored financial plans for saving, investing, retirement, and estate planning.

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Buyer(S) 1

Buyer

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 31.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.


DEAL STATS #
Overall 104 of 104
Sector: Business Services M&A 5 of 5
Type: Divestiture M&A Deals 11 of 11
State: Texas M&A 10 of 10
Country: United States M&A 90 of 90
Year: 2025 M&A 1 of 1
Size (of disclosed) 5 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Fleet Complete

Toronto, Ontario, Canada

Fleet Complete is a provider of fleet, asset and mobile workforce management solutions and offers its software as a service to approximately 5,000 customers globally. Fleet Complete is based in Toronto, Ontario.

Sell -

Seller(S) 1

SELLER

NFP

Austin, Texas, United States

Category Company
Sector Insurance
Revenue 1.1B USD (2013)
DESCRIPTION

NFP is a provider of benefits solutions for companies of all sizes and in the delivery of life insurance and wealth management solutions for high net worth individuals. NFP's independent broker/dealers offers a wide range of choices from some of the nation’s top investment companies. NFP is based in Austin, Texas.


DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
State: Texas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-14 Pilot RB

New York, New York, United States

Pilot RB is an employee benefits consulting firm that provides strategic guidance and brokerage services to mid-sized employers. Pilot RB was founded in 1961 and is based in New York, New York.

Buy -