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N.Y. insurance broker acquires Md. firm Heritage Benefits

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N.Y. insurance broker acquires Md. firm Heritage Benefits

N.Y. insurance broker acquires Md. firm Heritage Benefits

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(ml12nan / Depositphotos.com)
(ml12nan / Depositphotos.com)

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.

 

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