National Financial Partners Corp has acquired DA Financial Group.
DA Financial, Lafayette, Calif., is a financial planning and life insurance firm that generates about $5 million in annual revenue, according to NFP, New York (NYSE:NFP).
NFP is a national financial services distribution company. Organizers have put NFP together by making acquisitions.
The NFP-DA Financial deal closed Thursday.
NFP is not saying how much it paid for DA Financial, but it says the newly acquired company will operate as NFP DA Financial and become part of the NFP corporate client group.
John Hohman, a DA Financial principal, will manage NFP DA Financial and oversee efforts to make more corporate client group deals in the region around Lafayette, NFP says.
- Warren S. Hersch