NFP Acquires Capital Benefit Financial Group Inc.
Acquisition expands NFP’s group benefits solutions in Canada
New York — NFP, an insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, announced that it has acquired Capital Benefit Financial Group Inc. (Capital Benefits). The transaction closed on December 14, 2017.
Based in Ottawa, Ontario, Capital Benefits specializes in group benefits and retirement consulting for individuals and businesses in and around Ontario. Principals of the firm, Marc Lajoie and Leo Grace, will join NFP as managing director and director of Eastern Ontario, respectively, reporting to Marty Shaw, President of NFP in Canada.
“We’re happy to welcome the Capital Benefits team to the NFP family,” said Shaw. “The team brings strategic insight on employee engagement with respect to benefits and retirement needs in Ontario, which enables NFP to strengthen its current capabilities and expand its presence in Canada.”
“We are excited to join NFP,” said Lajoie. “Building on NFP’s robust set of group benefits and retirement offerings, we expect to deepen current relationships and offer new services to broaden NFP’s portfolio across Canada.”