Presidio, based in Westlake Village, California, specializes in medical insurance brokerage services, catering to physicians, doctors, healthcare facilities, and healthcare professionals since its establishment in 2002.
With a comprehensive range of coverage options, including healthcare professional liability, errors and omissions, works’ compensation, cyber liability, and more, Presidio brings valuable expertise to NFP’s growing team.
“We are excited to join NFP and contribute to the success of this dynamic organization,” commented Gisela Plazas, Founder and CEO of Presidio, who will assume a role within NFP. “This partnership allows us to integrate our medical malpractice knowledge and introduce additional solutions to our clients.”
NFP’s acquisition of Presidio has been hailed as a strategic move to bolster the company’s presence in the western region by NFP West region president, Mike Schneider.
In addition, NFP has acquired the employee benefits division of FinTrust, a subsidiary of United Community Banks, operating in Orlando, Florida. With a strong focus on delivering customized plans and programs that simplify benefits administration, FinTrust enhances NFP’s ability to serve the needs of employer groups and individuals across the state.
Cindi Johnston, formerly the Vice President of Employee Benefits at FinTrust, has joined NFP’s Florida Group Benefits division, reporting to Sarah Wollschleger, NFP’s South Florida benefits market leader.
Bill Austin, Managing Director at NFP in South Florida, expressed his enthusiasm for the acquisition, stating, “Acquiring the benefits business of FinTrust aligns with our focus on building NFP’s presence throughout Florida and enhancing our ability to serve the needs of employers and their employees. We look forward to continuing our momentum through organic growth and strategic acquisitions.”
The recent acquisitions of FinTrust’s employee benefits solutions business and Presidio follow a series of successful purchases by NFP. Earlier this month, the brokerage announced plans to acquire Actuarial Consulting Group, ACG Advisory Services, and Diversified Brokerage Services, based in Minneapolis.
