Announced
Completed
Synopsis
NFP, an insurance brokerage company that specializes in property, wealth management, and retirement planning services, completed the acquisition of SDN Insurance Agency, a full-service insurance agency offering personal, business and financial services products from Financial Institutions, a bank holding company for $27m. “In the nearly 10 years since we entered the insurance space, it has proven to be a valuable line of business that supported revenue diversification. This transaction allows us to capture strong value premium in this business at an important time, strengthen our capital position and support our continued focus on driving earnings in our core banking business,” Martin K. Birmingham, Financial Institutions resident and CEO.
Principals
Show Details & Financials
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.