Reston HR firm acquired by New York insurance broker

New York-based insurance broker and consultant NFP Corp. announced Thursday it had acquired Reston-based Helios HR LLC.

Financial terms of the transaction, which closed in January, were not disclosed.

“I’m excited to welcome the Helios HR team to NFP,” Ethan Foxman, NFP’s Atlantic region president, said in a statement. “We’re adding depth to our capabilities, relationships and expertise at a time when employers need more support navigating a variety of HR and talent-related challenges. … We’ve maintained a business relationship with them for almost 10 years, so we know this partnership will be a great culture fit for NFP.”

Helios HR founder and CEO Kathy Albarado will join NFP as senior vice president. Helios HR President Ethan Gill will also join NFP as a senior vice president. Both will work with Foxman. The Helios leadership team and consultants will continue to operate in their current roles.

“Becoming part of the NFP family is an exciting next step in our journey as an organization,” Albarado said in a statement. “Being part of NFP creates new opportunities to support the HR and recruiting needs of employers across the country in the dynamic environments of today and the future.”

NFP provides property and casualty, corporate benefits, retirement and individual solutions and has more than 6,600 employees.