M&A Deal Summary

NFP Acquires Altus Specialty Group

On August 8, 2014, NFP acquired insurance company Altus Specialty Group

Acquisition Highlights
  • This is NFP’s 11th transaction in the Insurance sector.
  • This is NFP’s 11th transaction in the United States.
  • This is NFP’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2014-08-08
Target Altus Specialty Group
Sector Insurance
Buyer(s) NFP
Deal Type Add-on Acquisition

Target

Altus Specialty Group

Boston, Massachusetts, United States
Altus Specialty Group LLC is a risk management firm created to change the risk and employee benefits business. ASG is a strategic, client centric national brokerage designed to accommodate a client's needs.

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Buyer(S) 1

Buyer

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 11 of 158
Sector: Insurance M&A 11 of 126
Type: Add-on Acquisition M&A Deals 11 of 156
State: Massachusetts M&A 1 of 2
Country: United States M&A 11 of 121
Year: 2014 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 Poulos Insurance

St. Johnsbury, Vermont, United States

Poulos Insurance, Inc. is an independent full-service property and casualty firm providing local businesses and individuals throughout New England with personal and commercial lines coverage.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-22 Benefit Resources

Connecticut, United States

Benefit Resources is an insurance consulting and brokerage firm that specializes in group benefits, HR and benefit compliance, benefits administration, and individual insurance. Benefit Resources was founded in 1988 and is based in Cincinnati.

Buy -