M&A Deal Summary

NFP Acquires Divergent

On September 20, 2023, NFP acquired business services company Divergent

Acquisition Highlights
  • This is NFP’s 17th transaction in the Business Services sector.
  • This is NFP’s 107th transaction in the United States.
  • This is NFP’s 2nd transaction in Utah.

M&A Deal Summary
Date 2023-09-20
Target Divergent
Sector Business Services
Buyer(s) NFP
Deal Type Add-on Acquisition

Target

Divergent

South Jordan, Utah, United States
Divergent is an independent registered investment advisor that focuses on holistic wealth management solutions and retirement planning. Divergent was founded in 2017 and is based in South Jordan, Utah.

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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 133 of 151
Sector (Business Services) 17 of 23
Type (Add-on Acquisition) 131 of 149
State (Utah) 2 of 2
Country (United States) 107 of 116
Year (2023) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-09 Hafetz & Associates

Linwood, New Jersey, United States

Hafetz & Associates is a general agent specializing in providing health benefits, products and services to businesses and individuals. Hafetz & Associates was founded in 1986 and is based in Linwood, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-16 Benefits & Company

Atlanta, Georgia, United States

Benefits & Company is a full-service employee benefits firm, providing medical, dental, vision, long-term and short-term disability, group life, and flex spending solutions to employers ranging from startups to mature organizations. Benefits & Company is based in Atlanta, Georgia.

Buy -
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