NFP Acquires BD Capital Partners LLC, Leader in Property and Casualty Services
Acquisition expands NFP’s property and casualty capabilities and presence in the Midwest
NEW YORK – March 18, 2019 – NFP, a leading insurance broker and consultant that provides employee benefits, property and casualty, retirement, and individual solutions, today announced that it has acquired BD Capital Partners LLC. The transaction closed effective December 1, 2018.
Headquartered in Mason, Ohio, BD Capital is an insurance broker that offers property and casualty solutions to clients across the Midwest. BD Capital serves as a trusted advisor in designing personalized insurance solutions to meet clients’ needs. Former principals Brian Young and Dave Hollenbaugh will join NFP as senior vice presidents, reporting to Mike Schneider, president of NFP's Central region.
"We are thrilled to welcome Brian, Dave and the entire BD Capital team to the NFP family," said Schneider. "The team’s years of experience and deep industry relationships will strengthen and extend our insurance offerings to clients."
"NFP’s commitment to helping clients achieve their goals made this an attractive choice for us," said Young. "We are excited to add to NFP’s broader spectrum of expertise, but we also see this as an ideal opportunity to deliver more value to our clients through our local presence and access to the reach, resources and capabilities of a national firm."
NFP is a leading insurance broker and consultant that provides employee benefits, property and casualty, retirement and individual solutions through our licensed subsidiaries and affiliates. Our expertise is matched by our commitment to each client's goals and is enhanced by our investments in innovative technologies in the insurance brokerage and consulting space.
NFP has more than 4,700 employees and global capabilities. Our expansive reach gives us access to highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients' needs. We’ve 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 named the 2nd largest retirement plan aggregator firm, as ranked by Investment News; the 5th largest US-based privately owned broker, the 6th largest benefits broker by global revenue and the 7th best place to work in insurance by Business Insurance; the 10th largest property and casualty agency by total 2017 P&C revenue and the 10th largest commercial lines agency by total 2017 P&C and commercial lines revenue by Insurance Journal; the 11th largest broker of US business by Business Insurance; and the 12th largest global insurance broker by Best's Review.
For more information, visit NFP.com.