NFP acquires Capstone Strategies

NFP 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.

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 excited to welcome Blake and Brandon to NFP and add to our presence in West Texas. 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.” – Ruback.