NFP Corp., an insurance broker and consultant based in New York, has bought Heritage Benefits LLC of Timonium.
Bill Spotts, principal of Heritage Benefits, will join as a senior vice president, reporting to Ethan Foxman, the regional managing director for NFP’s Mid-Atlantic region.
Heritage Benefits is a benefits broker that serves manufacturers, defense contractors, municipalities, universities and schools, among other organizations.
The cost of the acquisition, which closed Nov. 31, was not specified in the company’s announcement. A spokesperson for NFP was not immediately available for comment.