Ropes & Gray advised NFP, a leading middle market provider of risk, benefits, wealth, and retirement plan advisory solutions, in its sale to Aon plc, a global professional services firm. Under the terms of the transaction, Aon will acquire NFP for a total consideration estimated to be approximately $13.4B at the time of close. The acquisition will expand Aon’s presence in the middle market segment, with NFP continuing to operate as an independent but connected platform. NFP was founded in 1999 and currently has over 7,700 employees worldwide.

The transaction was announced in a press release on December 20.

The Ropes & Gray team that represented NFP includes private equity partner Matt Richards, tax partners Pamela Glazier and Brandon Dunn, executive compensation & employee benefits partner Jenny Rikoski, finance partners Alex Zeltser and Dan Coyne, and asset management partners Brynn Rail and George Raine.