NFP – a US-headquartered, private equity-owned insurance broker and consultant – has bought Johnson Fleming in a bid to expand its international offering.
As part of the deal, NFP has acquired both Johnson Fleming Group and Johnson Fleming Future Life Planning - saying the transaction would give it the benefits scale, leadership and capabilities to complement its current international offerings.
Johnson Fleming is a Bromsgrove-based pensions, employee benefits and group risk adviser to employers and pension arrangement members with a specific focus on consultancy, administration, and engagement.
Johnson Fleming chief executive Simon Fletcher will now report to NFP senior vice-president for international benefits consulting Matt Pawley. Johnson Fleming consultancy director Iain Chadwick and customer services director Tom Claridge will continue to lead their respective practice areas.
Commenting on the acquisition, Pawley said: "We are thrilled to welcome Johnson Fleming to the NFP family as we further expand our U.K. footprint. The team brings expertise, capabilities and relationships in the benefits and pension markets that will elevate our scale and create new paths for growth. I look forward to their energy, insight and collaboration, all of which will bring additional value to our clients."
Fletcher added: "Joining NFP, and gaining access to a new level of resources and support, is a great step for our organization and the companies we serve.
"NFP will make us even more effective in helping employers enhance their competitiveness by designing attractive benefits and engagement programs for their employees. We appreciate the opportunity to work with Matt and his team and contribute to NFP's growth and client service focus."
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