NFP Acquires McLaughlin & Smoak LLC
Acquisition enhances to expand NFP's benefits footprint in the Southeast region
NEW YORK – February 20, 2017 – NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, announced today it has acquired McLaughlin & Smoak LLC (M&S). The transaction closed January 20, 2017.
Based in Charleston, SC, M&S is a full-service employee benefits broker also providing ancillary and individual benefits offerings and expertise in wellness and HR consulting. Principals of the firm Colin Smoak and Trey McLaughlin will continue in their current roles and become Directors within NFP's Corporate Benefits division reporting to Christi Byron, Regional Managing Director of NFP's Southeast region.
"Colin and Trey have built an impressive business. At their core, they're a highly professional and motivated team that provide superior service to their clients to build lasting personal relationships, matching our culture perfectly. We're thrilled to welcome Colin and Trey to the NFP family," said Christi Byron. "As Charleston experiences tremendous growth, the addition of the McLaughlin & Smoak team will prove invaluable to extending our services to this market."
McLaughlin & Smoak said, "Since inception, our value proposition has been centered around developing and delivering solutions for our clients based on their needs. Joining NFP will allow us to deepen our client offerings, especially in the self-funded market. We are confident that we are now fully equipped to meet and exceed client expectations in an ever-changing health care environment."
At NFP Corp., our solutions and expertise are matched only by our personal commitment to each client's goals. We're a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement and individual private client solutions through our licensed subsidiaries and affiliates.
NFP has more than 3,400 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 ranked the 2nd fastest-growing US large-group employee benefits brokers by Employee Benefit Adviser. In addition, Business Insurance ranked us 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. PlanSponsor ranked 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.
For more information, visit NFP.com.
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