National Financial Partners Corp. (NFP) announced the acquisitions of two independent insurance agencies in New England: Poulos Insurance Inc. and Altus Specialty Group LLC. Terms were not disclosed.
NFP said the acquisitions would help expand NFP’s property/casualty offerings. Poulos Insurance, with 19 office locations throughout Vermont, New Hampshire and Massachusetts, is an independent property/casualty agency providing personal and commercial lines coverage in New England.
Altus Specialty Group is based in Boston and provides commercial lines, employee benefits and private client risk management services. The firm would enhance NFP’s Boston-based insurance brokerage services to middle-market business clients, according to the announcement.
NFP, based in New York, is a provider of benefits, insurance and wealth management services. It provides diversified advisory and brokerage services to companies and high net worth individuals.
Topics Mergers & Acquisitions Agencies
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