Forvis Mazars advises HC Financial on sale to NFP

HC Financial was founded in 1988 by Gerry Cuddy. Since incorporation, HC Financial has provided clients in the west of Ireland with investment, pension and savings propositions and established itself as one of the largest advisory firms in Ireland. They’ve built an outstanding reputation with their dedication to clients and continuing investment in employees and technology.

Gerry Cuddy, founder and CEO of HC Financial, said: “We're excited to join NFP, a company that shares our core values of honesty, integrity, transparency and expertise. Today is a great day for our customers and employees and the future of NFP in Ireland as we expand the solutions and expertise available to our clients. We would like to thank the Forvis Mazars team, led by John Bowe and Damian Connaughton for their invaluable advice and hands-on support that was invaluable in smoothly navigating the sale process and achieving a successful outcome.”

John Bowe, Forvis Mazars Partner, Deals – M&A, said: “Forvis Mazars in Ireland are delighted to have advised HC Financial, Gerry and the team on this transaction. The Irish wealth management market will continue to consolidate over the next couple of years and no doubt the excellent team of HC Financial, as part of NFP, will play a leading role in this. We look forward to seeing the continued growth over the coming years. This transaction adds to our list of credentials in financial services M&A and deal execution.”

NFP, an Aon company, is an international insurance, financial planning and employee benefits intermediary. The group is experiencing rapid acquisitive and organic growth and currently has over 7,700 staff service clients throughout the UK, Ireland, the US, Puerto Rico, and Canada.

Colm Power, MD for Benefits & Wealth for NFP, commented: “Gerry and his team have built a fantastic, highly regarded advisory business with an extremely loyal client base, and we’re excited they will be part of our future growth. This significant acquisition will help us meet the growing demand for benefits and wealth planning expertise and expand NFP’s physical footprint outside the Dublin market.”