Patriot buys Las Vegas brokerage

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.