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NFP buys broker Rose & Kiernan



NFP Corp. acquired broker Rose & Kiernan Inc. in a deal that expands its expertise in the middle market and its footprint in the Northeast, NFP said in a statement Monday.

The terms of the deal, which ended on August 1, were not disclosed.

Albany, New York-based Rose & Kiernan is a real estate, security and employee benefits agency focusing on companies, individuals and public and private organizations in the state of New York and New England, the NFP said in a statement.

Rose & Kiernan is the 67th largest broker of American companies, according to Business Insurance & # 39 ;s latest ranking, with a turnover in 2019 of 49.1 million dollars.

The New York-based NFP will add 1

89 employees through the acquisition, a company spokeswoman said via email.

John Murray, President, Chairman and CEO of Rose & Kiernan, will continue to lead the team and Albany operations, reports Bill Austin, President of the Northeast Region, NFP said in the statement.

NFP is the 13th largest broker of American operations according to Business Insurance 's latest ranking, with a revenue from 2019 of 1.34 billion dollars. It has about 5,600 employees according to NFP's statement.


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