NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions, has acquired First West Brokerage Services.
The transaction closed on June 1, 2016.
Founded in 1987, First West is a full service benefits insurance broker and consultant specializing in group health plans with additional offerings in corporate retirement products, ancillary benefits and human resources solutions, as well as individual wealth management.
The firm is based in Orem, UT, with a second office in Salt Lake City. First West has been a member of NFP’s Benefits Partners organization since 2010 and the transaction further strengthens the long-term relationship between the firms.
First West principal David Jackson will remain with the firm and assume the role of Managing Director, reporting to John Hohman, Regional Managing Director at NFP.
Commenting on today’s announcement, Hohman said, "The acquisition of First West is consistent with our strategy to expand our full suite of product offerings nationwide and deepen our level of expertise within the group benefits marketplace.
"We see significant opportunity in the west and are focused on continued growth there. We are pleased to welcome First West to the NFP family."
"Our team has consistently expanded our infrastructure and maintained a strong focus on growth over the last 10 years, and deepening our existing relationship with NFP will enable us to continue this trajectory in Utah and beyond," said Jackson. "We look forward to enhancing the comprehensive solutions we offer our clients by leveraging the expansive resources and scale of NFP."
NFP provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions through licensed subsidiaries and affiliates.