M&A Deal Summary

NFP Acquires East Coast Underwriters

On December 23, 2021, NFP acquired insurance company East Coast Underwriters

Acquisition Highlights
  • This is NFP’s 98th transaction in the Insurance sector.
  • This is NFP’s 94th transaction in the United States.
  • This is NFP’s 2nd transaction in South Carolina.

M&A Deal Summary
Date 2021-12-23
Target East Coast Underwriters
Sector Insurance
Buyer(s) NFP
Deal Type Add-on Acquisition

Target

East Coast Underwriters

Spartanburg, South Carolina, United States
East Coast Underwriters provides medical stop loss to mid-sized self-insured employers through a distribution network of third-party administrators, benefits brokers, and general agents. East Coast Underwriters was founded in 2001 and is based in Spartanburg, South Carolina.

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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 113 of 152
Sector (Insurance) 98 of 121
Type (Add-on Acquisition) 112 of 150
State (South Carolina) 2 of 2
Country (United States) 94 of 117
Year (2021) 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Foster Park

Edmonton, Alberta, Canada

Foster Park is an independent insurance broker, that offers risk management, underwriting, commercial, group benefits, surety programs, and financing services. Foster Park was founded in 1979 and is based in Edmonton, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Improved Funding Techniques

Lynbrook, New York, United States

Improved Funding Techniques is a third-party administrator (TPA), with an internal RIA, offering a consolidated solution for designing, implementing and administering retirement plans for privately owned business. Improved Funding Techniques is based in Lynbrook, New York.

Buy -
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