PE-backed NFP buys Thomas agency in Arkansas

Private-equity backed NFP, formerly known as National Financial
Partners, has acquired a property-casualty broker based in Arkansas
to expand its business in the region.
NFP, which received a $750mn capital infusion in December from a
group led by another PE firm, HPS Investment Partners, said the
deal to acquire the Thomas Insurance Agency closed in February. The
acquisition was the seventh transaction completed or announced by
New York-based NFP since the investment by HPS, the successor to
JP