Madison Dearborn-owned NFP acquires Group Force Benefits
Group Force Benefits Inc, a Canadian group insurance benefits specialist, has been acquired by NFP Corp, a U.S.-based insurance and benefits broker and consultant. No financial terms were released for the deal, which closed in late 2015. Group Force, which has offices in Toronto and Montréal, works with brokers and insurers to create group benefits solutions and back office efficiencies. NFP said the acquisition strengthens its presence in the Canadian market and opens doors for future acquisitions there. Based in New York, NFP is a portfolio investment of U.S. private equity firm Madison Dearborn Partners. Madison Dearborn bought the company for US$1.3 billion in July 2013.
3 March 2016•3 mins read
