Tuesday, July 31, 2018

NFP Acquires North Carolina-based Aquesta Insurance Services


An Atlanta-based college student, John McGourty is pursuing a bachelor of business administration with concentrations in finance and strategy management consulting. Alongside his academic pursuits, John McGourty recently served as a consultant for National Financial Partners (NFP) in Braintree, Massachusetts.

With offices around the globe, NFP offers a variety of insurance brokerage and consultancy services for business and individual clients. In its efforts to expand operations in the southeastern United States, the company recently acquired Aquesta Insurance Services, Inc., a North Carolina-based firm focused on commercial property and casualty (P&C) insurance.

NFP announced the acquisition in July 2018 after finalizing the transaction in late June. As part of the takeover, Ken McGee, former Aquesta Insurance president, will now serve as a director of NFP's P&C division. In addition to expanding its footprint in the Southeast, the acquisition will help NFP enhance its expertise in the area of coastal risk.

Along with acquiring Aquesta, NFP has completed acquisitions with several other companies in recent months. These include 1st Community Insurance Services in California, The Hyde Agency in New Jersey, and Consortia Group in Montreal.