Add-on Acquisition • Insurance

NFP Acquires Associated Insurance Centers

On July 24, 2017, NFP acquired insurance company Associated Insurance Centers

Acquisition Context
  • This is NFP’s 45th transaction in the Insurance sector.
  • This is NFP’s 50th transaction in the United States.
  • This is NFP’s 1st transaction in Virginia.

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M&A Deal Summary

Date July 24, 2017
Target Associated Insurance Centers
Sector Insurance
Buyer(s) NFP
Deal Type Add-on Acquisition

Target Company

Associated Insurance Centers

Onancock, Virginia, United States
Associated Insurance Centers LLC is a full-service P&C insurance agency providing commercial and personal coverage to businesses and individuals. Associated Insurance Centers LLC was founded in 2013 and is headquartered in Onancock, Virginia.
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Buyer Overview 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 Context for Buyer #
Overall 52 of 159
Sector: Insurance 45 of 127
Type: Add-on Acquisition 52 of 157
State: Virginia 1 of 3
Country: United States 50 of 122
Year: 2017 13 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-27 International Insurance Group

North Royalton, Ohio, United States

International Insurance Group, Inc. (IIG) is an independent insurance agency providing quality protection for individuals, families and businesses thought the country. International Insurance Group, Inc. was established in 2006 and is headquartered in North Royalton, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-29 DGU Insurance Associates

Sarasota, Florida, United States

DGU Insurance Associates LLC is a specialty Managing General Underwriter (MGU) focused on unique risk transfer solutions primarily for credit unions and community banks. DGU Insurance Associates LLC was founded in 2009 and is based in Sarasota, Florida.

Buy -