This acquisition strengthens NFP’s presence in the energy sector, building upon the launch of its Houston-based Energy Group in March 2022.

Capstone Strategies, founded by Blake Johnston and Brandon Sheppard, brings extensive experience in serving the insurance needs of oil and gas extraction companies in West Texas. Johnston and Sheppard will join NFP as senior vice presidents, reporting to Amanda Ruback, P&C managing director in NFP’s Central region.

Commenting on the news, Ruback said: ,“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.”

“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.”

Ruback added:  “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.”