M&A Deal Summary

NFP Acquires DBS

On April 21, 2023, NFP acquired insurance company DBS

Acquisition Highlights
  • This is NFP’s 107th transaction in the Insurance sector.
  • This is NFP’s 103rd transaction in the United States.
  • This is NFP’s 2nd transaction in Minnesota.

M&A Deal Summary
Date 2023-04-21
Target DBS
Sector Insurance
Buyer(s) NFP
Deal Type Add-on Acquisition

Target

DBS

Minneapolis, Minnesota, United States
DBS is a multi-carrier brokerage general agency specializing in life insurance. DBS supports financial professionals nationwide as they look to secure life insurance, long-term care, linked benefits, disability insurance and annuities for their clients. DBS was founded in 1968 and is based in Minneapolis, Minnesota.

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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 128 of 151
Sector (Insurance) 107 of 121
Type (Add-on Acquisition) 127 of 149
State (Minnesota) 2 of 2
Country (United States) 103 of 116
Year (2023) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 Gravity Risk Services

Stourbridge, United Kingdom

Gravity Risk Services is an independent business insurance broker and risk advisor. Gravity Risk Services was founded in 2013 and is based in Stourbridge, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 Rhodes & Williams

Ottawa, Ontario, Canada

Rhodes & Williams provides commercial and personal risk lines P&C. Rhodes & Williams was founded in 1935 and is based in Ottawa, Ontario.

Buy -
Mergr

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