NFP has announced the acquisition of human resources consultancy and training business The HR Suite. Terms of the transaction were not disclosed
Caroline Reidy, founder and managing director of The HR Suite, will lead NFP's specialist HR division in Ireland, reporting to NFP's managing director in Ireland, Colm Power.
“We’re excited to welcome Caroline and The HR Suite team to NFP,” said Matt Pawley, president, NFP in Europe.
“The team’s undeniable knowledge and expertise, combined with our shared core values and dedication to enhancing client outcomes, provide a solid foundation for many future successes.
"I can’t think of a better person or group to spearhead our HR division in Ireland and can’t wait to collaborate on delivering exceptional solutions and capabilities to clients.”
Established in 2009, The HR Suite offers HR system solutions and HR outsourcing services to large employers, multinationals and SMEs and streamline their human resources functions.
The Kerry-based business, which was wholly owned by Reidy, reported net assets of €3.4m in June 2023 as annual profits grew from €637,400 to €775,400.
“We’re thrilled to join NFP in Ireland and create more value for our employees and clients,” said Reidy, who is also a well-respected author and speaker in HR.
“Our service and commitment to delivering exceptional HR offerings remain the same, and with NFP’s global solutions and resources we can now offer more comprehensive solutions and support to clients in Ireland, including outplacement, employee benefits, pension, and health and safety.”
The HR Suite takeover is the latest in a spree of acquisitions by Aon-owned NFP, including employee benefits advisory business HC Financial, financial planning advisory firm IHI Group, Barrett Private Insurances, and Orca Financial Group in recent months.
Accounts for NFP Ireland Consultants Ltd show the company made a loss of €45,100 in 2023 despite turnover growing from €4.2m to €5.5m.
Photo: (l-r) Matt Pawley; Gemma Sunders, group operations director, NFP Europe; Louise Gallagher, operations director, NFP Ireland; Colm Power; and Caroline Reidy. (Pic: Supplied)
