NFP, an Aon company, announced on December 10, 2024, the acquisition of Capstone Strategies, LLC, a property and casualty (P&C) and benefits broker located in Midland, Texas. This acquisition expands NFP's presence in West Texas, particularly in commercial P&C solutions for oil and gas extraction companies. Capstone Strategies founders Blake Johnston and Brandon Sheppard will join NFP as senior vice presidents.
Since 2006, Capstone has served the benefits and P&C needs of clients across West Texas, with specialized expertise in the oil and gas industry's insurance requirements. Amanda Ruback, P&C managing director in NFP's Central region, highlighted Capstone's strong foundation of trust within the community. This move complements NFP's existing capabilities in the commercial property energy space, including its Houston-based Energy Group launched in March 2022.
Johnston and Sheppard expressed excitement about joining NFP, noting that NFP's approach to client relationships and comprehensive capabilities will benefit their employees and clients. This integration is expected to bring immediate value to their P&C and benefits customers.
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