NFP Acquires The Schuster Group, Expanding Capabilities in the Northeast

NFP, an insurance broker and consultant that provides property/casualty, corporate benefits, retirement and individual solutions, has acquired Schuster Driscoll LLC, d/b/a The Schuster Group, and its nonprofit membership platform, TANGO Administrative and Management Services LLC (together, TSG). The transaction closed on December 31, 2020.

TSG, located in Farmington, Connecticut, with ancillary sales offices in Rhode Island and Massachusetts, is a multidisciplinary insurance broker and consultant focused on employee benefits. The firm also offers capabilities in retirement advisory services.

NFP’s acquisition of TSG brings expertise in the nonprofit space that will be integrated into NFP’s existing benefits offerings and resources to enhance insurance solutions to nonprofit clients. Firm Principal Rollin Schuster will join NFP as a managing director and report to Kate Henry, a regional managing director in NFP’s Northeast region.

Source: NFP