Acquisitions: NFP Picks Up Levine Group LLC
In a series of strategic moves, NFP, an Aon company, has strengthened its position as a leading property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor by acquiring several prominent entities in 2025.
The year began with the acquisition of Bspoke Group, a UK-based managing general agent (MGA) platform. This deal, announced in early August, brought together nine specialist MGA insurance businesses offering over 80 commercial, personal, and affinity insurance products across various sectors. Bspoke will continue to operate independently under NFP, retaining its existing brands while expanding NFP’s underwriting expertise and specialist product knowledge.
In July, NFP expanded its capabilities in wealth management and retirement plan advisory within the US market with the acquisition of Levine Group, a financial services firm based in Brentwood, TN. Founded over 60 years ago, Levine Group serves the Nashville area and beyond.
The acquisitions of Bspoke Group and Levine Group complement NFP’s existing services and support its growth strategy by expanding into specialist insurance platforms and wealth/retirement advisory services.
In another significant move, NFP announced the acquisition of Capstone Strategies, LLC, a P&C and benefits broker based in the US. This deal, which is not related to the acquisition of Levine Group, will allow Capstone Strategies to continue serving clients while gaining access to additional resources and expertise.
The acquisition of NFP by Aon plc is expected to close in the third quarter of 2022, subject to regulatory approvals and customary closing conditions. This deal, valued at $13.4 billion, will significantly expand Aon's middle market P&C and benefits capabilities.
Trevor Coe and Zach Levine, who will join NFP as part of these acquisitions, expressed their excitement about the opportunity to stay true to their mission of serving clients while growing in new and exciting ways. Mike Levine, who leads Levine Group, will join NFP and work closely with Mike Schneider, president of NFP's Central and West regions.
NFP has also recently acquired certain assets of EBA Services LLC dba AnchorGroup, an employee benefits brokerage and consultancy located in Skaneateles, NY.
These acquisitions reflect NFP's commitment to growth and its ambition to become a global leader in the property and casualty, benefits, wealth management, and retirement plan advisory sectors. As part of Aon, NFP is well-positioned to continue delivering exceptional service to its clients and driving innovation in the industry.
[1] National Insurance Awards [2] Business Wire [3] Insurance Business Magazine [5] Insurance Day
- The acquisitions of Bspoke Group, Levine Group, Capstone Strategies, and AnchorGroup by NFP indicate a focus on finance-related events, such as investing in new businesses and expanding services, as part of their growth strategy in property and casualty brokerage, benefits consultation, wealth management, and retirement plan advisory.
- With these strategic acquisitions strengthening NFP's position in various financial sectors and the upcoming merger with Aon plc, the company is poised to make significant strides in the global market, driving innovation in business and creating opportunities for growth in investement, wealth management, and benefits sectors.
