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Insurance Broker NFP Acquires BWD Group.

MANews-(C)2009-2015

4 August 2015 - US-based insurance broker and consultant NFP has acquired US-based P/C and employee benefits specialist BWD Group, LLC, the company said.

Terms of the deal were not disclosed.

BWD, located in Plainview, New York, offers P/C and employee benefits brokerage and consulting with proprietary programmes and specialties in the sports, entertainment and publishing industries.

In addition to advancing NFP's P/C capabilities, the acquisition will allow BWD to continue to enhance its services and value proposition to its clients by leveraging NFP's complementary resources, scale and broad distribution.

BWD's principals will join NFP's leadership team as managing directors.

BWD's management will supervise NFP's combined New York P/C presence, and the collective New York Pand C operation will report to Terrence Scali, chief executive officer, NFP Property and Casualty.

The combined New York benefits operation will report to William Austin, Managing director, NFP corporate services.

NFP has more than 3,300 employees and global capabilities.

BWD's advisor for the transaction was Sica Fletcher, LLC, and NFP's advisor was MarshBerry.

Country: USA

Sector: Insurance

Target: BWD Group, LLC

Buyer: NFP

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Aug 4, 2015
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