NFP Acquires McLaughlin & Smoak LLC
Acquisition to expand NFP’s benefits footprint in the Southeast region
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 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.”