#United States #Transportation #NFP #Sherman Insurance #South St. Paul

NFP Expands in the Upper Midwest with Sherman Acquisition

In a strategic move designed to bolster its capabilities in the transportation and logistics sector, NFP, a prominent player in property and casualty insurance and benefits consulting, has successfully acquired Sherman Insurance Agency, Inc. Based out of South St. Paul, Minnesota, Sherman is renowned for its specialization in trucking, commercial, personal, and benefits insurance solutions. This acquisition, announced on April 8, 2026, aims to enhance NFP's footprint across the Upper Midwest and integrate Sherman’s expertise into its broader Transportation and Logistics practice.

NFP, part of the Aon company family, has long positioned itself as a leader in the insurance space. The addition of Sherman's team is particularly noteworthy; key members, including John Glieden, Kyle King, and Peter Lobe, will transition to senior vice president roles within NFP, alongside Jennifer Carter, who will join as vice president. Under the management of Amanda Ruback, the Central region managing director, this team is expected to meld seamlessly into NFP's existing operations, further fortifying their services in the region.

Mike Schneider, president of NFP's Central region, expressed excitement over this acquisition. He noted, "We’re thrilled to welcome the Sherman team to NFP as we expand our risk management capabilities throughout Minnesota and the surrounding areas. Sherman’s established brokerage, combined with its in-depth understanding of the trucking insurance sector, will significantly enhance our Transportation and Logistics specialty group. Our goal is to provide comprehensive support to clients far and wide."

Sherman Insurance Agency has a rich heritage dating back to 1931, predominantly serving small and mid-market businesses and providing tailored insurance solutions for the trucking and transportation industries. Over the decades, Sherman has evolved, broadening its portfolio to include innovative risk management solutions that cater to both commercial clients and individuals’ insurance needs.

Glieden, a leader at Sherman, commented on the acquisition, stating, "Joining NFP marks an exciting new chapter for Sherman. Our clients will gain access to a wider range of diversified risk solutions and integrated resources available at NFP, while still benefiting from the customer-first approach that has characterized our agency since its inception."

This acquisition underscores NFP's commitment to enhancing its service offerings while simultaneously extending its reach into new geographic areas, solidifying its role as a key player in the transportation and logistics insurance markets. The integration of Sherman's capabilities is expected to provide enriched services to existing and future clients, showcasing NFP's ongoing dedication to meeting the evolving needs of the insurance landscape.

As NFP continues to grow through acquisitions and organic growth, this move exemplifies its strategy to leverage specialized knowledge in order to deliver comprehensive insurance solutions. Clients of both NFP and Sherman can anticipate heightened levels of service and an expanded suite of offerings, promising a brighter future for the transportation and logistics sector in the Midwest and beyond.

With NFP’s extensive experience and Sherman's local knowledge, the partnership seems poised to address the specific challenges faced by trucking and transportation businesses in today’s complex regulatory and economic environment. As the industry faces ongoing changes, having such a capable team at the helm will ensure that NFP and Sherman can adapt and thrive in a competitive market.