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View More Press Releases by NFP Corp.

Press release:

NFP Acquires Hackett Valine & MacDonald, Inc.

Issued by: NFP Corp.

Date: May 21, 2015

Newly acquired operation builds on NFP Property & Casualtyís expansion in New England

NEW YORK, May 19, 2015 -- NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement, and individual insurance and wealth management solutions, has acquired Hackett Valine & MacDonald, Inc. (HVM). The transaction closed on May 1, 2015.

HVM, based in South Burlington, VT, is a brokerage and consulting firm that specializes in P&C and employee benefits. The firm offers personal and commercial lines expertise and employee benefits capabilities for companies in a range of industries. HVMís leadership team will remain in place, with Michael Walsh transitioning to Managing Director for NFPís New England region, reporting to Terrence Scali, Chief Executive Officer, NFP Property & Casualty. Timothy Ford will continue as a Director of Sales, focused on employee benefits, and Richard Bazluke will serve as the Finance Director.

Scali said, ďThe addition of HVM builds upon NFPís already strong presence in the New England region. The teamís expertise in both P&C and employee benefits, as well as its dedication to providing personalized attention and tailored solutions to their clients, complements NFPís focus and objectives. We are excited to welcome the HVM team.Ē

Walsh also commented, ďJoining NFP provides our team with access to sophisticated resources, backed by a significant network of our industry peers. We see this as a great opportunity to further expand our offerings to our clients.Ē

About NFP

At NFP Corp., our solutions and expertise are matched only by our personal commitment to each client's goals. We are a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions. Our registered investment adviser and broker-dealer empowers independent financial advisors with integrated technology, subject matter expertise and a suite of customized services.

NFP has more than 3,200 employees and global capabilities. Our expansive reach gives us access to the most highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients' needs. We have become one of the largest insurance brokerage, consulting and wealth management firms by building enduring relationships with our clients and helping them realize their goals.

Recently NFP was ranked by Business Insurance as the 5th largest global benefits broker by revenue, the 4th largest US-based privately owned broker and the 11th largest broker of US business. In addition, PlanSponsor named us the 5th largest executive benefits provider of nonqualified deferred compensation by number of plans, and we were ranked 11th in personal lines P&C revenue by Insurance Journal. Our independent broker-dealer ranked 11th in annual revenue by Investment Advisor, and Rep ranked it the 6th highest in advisor production by assets under management.

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