Insurance broker and benefits provider NFP expanded its employee benefit offerings with the acquisition of EBS/Foran Insurance and Advisory Services, Inc.
The transaction took effect in November, according to NFP. The Massachusetts-based Foran, with locations in Dennis and Northborough, specializes in designing health and welfare benefit plans for employers. Foran has particular expertise in serving municipality health and welfare programs, according to NFP.
John Foran, president of Foran Insurance and Advisory Services, will remain with NFP as a director within the northeast region.
Commenting on the deal, Douglas Hammond, chairman and chief executive officer of NFP, says the acquisition “complements the strength of our Boston capabilities.” We are happy to welcome the Foran Insurance team to our NFP family and look forward to working with them.”
More information is available at www.nfp.com.