Patriot buys Las Vegas brokerage
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Patriot Growth Insurance Services LLC has acquired Capstone Brokerage Inc., Patriot said in a statement Tuesday.
Terms of the transaction were not disclosed.
Las Vegas-based Capstone provides property/casualty and employee benefits insurance, the statement said.
Matt Gardner, founder and CEO of Fort Washington, Pennsylvania-based Patriot, said in the statement the broker “…looks forward to building around (Capstone) in the rapidly growing Nevada marketplace.”
Private equity-owned Patriot is the 53rd-largest broker of U.S. business, according to the most recent Business Insurance rankings.
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