NFP, an Aon company, has acquired Capstone Strategies, a property and casualty (P&C) and benefits broker in Texas for an undisclosed sum.
This move is set to enhance NFP’s capabilities within the commercial property energy space. In March 2022, the company launched its Houston-based Energy Group.
The founders of Capstone, Blake Johnston and Brandon Sheppard, are set to join NFP as senior vice-presidents and will report to NFP Central region P&C managing director Amanda Ruback.
Since 2006, Capstone has been meeting the benefits and P&C needs of clients throughout West Texas, specialising in commercial P&C solutions.
Ruback said: “The Capstone team has a strong foundation of trust within the community, and we look forward to introducing new, integrated solutions that address the needs of their clients in the region. With a strong cultural fit and a commitment to growth, we are eager to begin working with the team to expand our footprint in Texas and across our Central region.”
In a joint statement, Johnston and Sheppard added: “We are thrilled to continue to serve West Texas as a part of NFP. Because of NFP’s approach to client relationships and their ability to deliver comprehensive capabilities, we know this will be the best opportunity for our employees and clients to achieve their objectives. Our benefits and P&C customers alike will see immediate value from working with NFP.”
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By GlobalDataLast month, NFP acquired certain assets of EBA Services, which operates under the name AnchorGroup.
Positioned in New York, AnchorGroup is a brokerage and consultancy specialising in employee benefits.