NFP, a leading national insurance broker and consultant based in New York, has acquired Hackett Valine & MacDonald, Inc (HVM). The transaction closed on May 1, 2015. HVM, based in South Burlington, 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. HVM’s leadership team will remain in place, with Michael Walsh transitioning to Managing Director for NFP’s 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, “The addition of HVM builds upon NFP’s already strong presence in the New England region. The team’s expertise in both P&C and employee benefits, as well as its dedicationto providing personalized attention and tailored solutionsto their clients, complements NFP’s focus and objectives. We are excited to welcome the HVM team.”
Walsh said, “Joining 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.”
About NFP
NFP has more than 3,200 employeesand global capabilities. Ourexpansive reach gives us access to the most highly rated insurers,vendors and financial institutions in theindustry, while our locally based employees tailor each solution tomeet our clients' needs. We havebecome one of the largest insurancebrokerage, consulting andwealth management firms by building enduring relationships with our clients and helping them realize their goals.
Recently NFP wasranked byBusiness Insuranceas 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, PlanSponsornamed 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 byInvestment Advisor, andRep ranked it the 6th highest in advisor production by assets under management.
Source: NEW YORK – May 19, 2015 – NFP www.nfp.com.