NFP, an insurance broker and consultant, acquired BD Capital Partners, LLC, a Mason, Ohio-based insurance broker that offers property and casualty solutions to clients across the Midwest.
The amount of the deal was not disclosed.
The acquisition expands NFP’s property and casualty capabilities and presence in the Midwest.
BD Capital serves as an 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.
NFP is a insurance broker and consultant that provides employee benefits, property and casualty, retirement and individual solutions through licensed subsidiaries and affiliates. Its expertise is matched by commitment to each client’s goals and is enhanced by investments in innovative technologies in the insurance brokerage and consulting space.
The group has more than 4,700 employees and global capabilities.