Over in the US market, it’s another acquisition for Aon. Here are the details;
NFP, an Aon company (NYSE: AON), and leading property and casualty (P&C) broker, benefits consultant, wealth manager and retirement plan advisor, has announced the acquisition of Capstone Strategies, LLC, a P&C and benefits broker located in Midland, Texas. Capstone Strategies founders Blake Johnston and Brandon Sheppard will join NFP as senior vice presidents, reporting to Amanda Ruback, P&C managing director in NFP’s Central region.
“We’re excited to welcome Blake and Brandon to NFP and add to our presence in West Texas,” said Ruback. “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’re eager to begin working with the team to expand our footprint in Texas and across our Central region.”
The acquisition complements NFP’s capability in the commercial property energy space. The company launched its Houston-based Energy Group in March 2022.
Since 2006, Capstone has served the benefits and P&C needs of clients across West Texas with a specialty in commercial P&C solutions for oil and gas extraction companies. Johnston and Sheppard are West Texas natives with a deep knowledge of the nuances of the oil and gas business and specialized expertise related to the industry’s insurance needs.
“We’re thrilled to continue to serve West Texas as a part of NFP,” said Johnston and Sheppard in a joint statement. “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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