NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has announced the acquisition of Capstone Strategies, LLC, a property and casualty (P&C) and benefits broker based in Midland, Texas.
Blake Johnston and Brandon Sheppard, the founders of Capstone Strategies, will join NFP as senior vice presidents and report to Amanda Ruback, P&C Managing Director for NFP’s Central region.
Ruback stated, “We’re excited to welcome Blake and Brandon to NFP and add to our presence in West Texas.”
She added, “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 enhances NFP’s capabilities in the commercial property energy sector, complementing its Houston-based Energy Group, launched in March 2022.
Since 2006, Capstone has served the benefits and P&C needs of clients across West Texas, specialising in commercial P&C solutions for oil and gas extraction companies. As West Texas natives, Johnston and Sheppard bring a deep understanding of the oil and gas industry and its unique insurance requirements.
“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.”
