NFP Acquires Hole-in-One
Acquisition adds niche offering to comprehensive portfolio of products and services for clients nationwide
New York — 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 Hole-in-One U.S.A. (HIO). The transaction closed on March 7, 2017.
Based in Reno, Nevada, HIO is one of the largest providers of hole-in-one coverage for premier golf events throughout the United States. HIO has exclusive partnerships with various PGA Sections across the country, and is the exclusive national provider of hole-in-one coverage for several leading auto manufacturers. David Nelson, principal of the firm, will join NFP as a director and report to Terry Scali, CEO of NFP’s P&C division.
“We’re thrilled to welcome HIO to the NFP family. As demand for hole-in-one insurance coverage continues to grow, we’ll be able to provide our clients with a niche offering that expands our extensive portfolio of insurance options and fulfills dynamic client and marketplace needs,” said Scali. “This acquisition underscores our commitment to offering clients and prospects a full range of insurance products that will strengthen their businesses and protect them against risks.”
Nelson commented, “We’re excited to join NFP’s expansive national network and are eager to forge strong relationships with its top-tier clientele. We look forward to continuing to serve a range of clients with personalized service and distinction.”