NFP strengthens energy sector through acquisition of Capstone Strategies

The insurance broker NFP, a subsidiary of Aon, has expanded its position in the energy sector with the acquisition of Capstone Strategies, a Texas-based expert in property and casualty insurance as well as employee benefits. The purchase price remains undisclosed. This strategic acquisition is intended to significantly enhance NFP's capabilities in the field of commercial energy real estate. As early as March 2022, the company launched a specialized energy group in Houston to give increased attention to this area. Blake Johnston and Brandon Sheppard, the founders of Capstone, will transition as Senior Vice Presidents to NFP as part of the transaction and will report to Amanda Ruback, Managing Director of the property and casualty insurance division in NFP's Central Region. Since its founding in 2006, Capstone has made a name for itself in West Texas by meeting the specific needs of local companies in the area of commercial property and casualty insurance. Ruback emphasizes the strong foundation of trust that Capstone enjoys in the regional community and sees the acquisition as an excellent opportunity to introduce new integrated solutions while also expanding its presence in Texas and throughout the Central Region. Johnston and Sheppard describe the merger with NFP as an optimal step to offer new perspectives to both employees and clients. They highlight that NFP's comprehensive capabilities and client-oriented approach will bring immediate value to their loyal clients. Already in the previous month, NFP had acquired certain assets from EBA Services, which operates under the name AnchorGroup. This New York-based company offers consulting and brokerage services with a focus on employee benefits.