NFP acquires Tennessee-based Levine Group
Property and casualty broker NFP, a unit of Aon, has acquired Levine Group, a wealth and retirement services company based in Tennessee, US.
The financial terms of the transaction have not been disclosed.
Levine Group, established in 1963, provides a range of financial services to individuals, families, and businesses in the Nashville area.
Its offerings include insurance, employee benefits, retirement plan consulting, and investment management.
Following the acquisition, Michael Levine, who leads Levine Group, will join NFP.
His role will involve collaboration with NFP Central and West region president Mike Schneider.
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By GlobalDataTrevor Coe and Zach Levine are also set to join NFP, where they will continue their involvement in client service and contribute to business growth.
Mike Levine said: “Our clients have trusted us to guide them through life’s most important financial decisions, and that trust means everything. Being part of NFP lets us continue doing what we love, while giving us more tools and support to help even more people.”
NFP operates with a workforce of approximately 8,000 employees across the US, Puerto Rico, Canada, the UK, and the Republic of Ireland.
The company provides services such as wealth management and retirement plan advisory, among others.
Schneider stated: “I’m thrilled Mike, Trevor, Zach and the entire Levine Group team are joining NFP. They’ve built a strong reputation for helping people and businesses make smart financial decisions, and we’re excited to combine forces.
“Their experience and relationships in the Nashville and surrounding market will help us better serve clients and grow our wealth and retirement business in the region.”
In December last year, NFP acquired Salus Group, a US-based company that specialises in providing employee benefits consultancy to credit unions.
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